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September 18th, 2007
Nanotech: The Next American Revolution?
Abstract:
As Rickert sees it, the added vigilance that U.S. regulatory agencies require hasn't stifled innovation; instead, it makes for an environment of global trust that contrasts U.S. companies with the competition. "We have the best quality and purity control of any country in the world," he says. "We see that as a big commercial advantage."
Pankaj Dhingra, CEO of Redwood City, Calif.-based Nanostellar Inc., a maker of nano-engineered catalyst materials, agrees that U.S. companies enjoy a certain "natural advantage," citing the dynamism of the U.S. capital markets and the entrepreneurial spirit of the business population as the cause. "With any new technology, you need a culture of risk where people have the fire to go out and start their own companies, and a pool of funds to enable that to happen," he explains. "That's the big advantage of the American economy -- along with the government funding for research, we have a pool of private companies and entrepreneurs that can commercialize that research and take it to industry."
Source:
industryweek.com
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