Feds to invest over $1 bln into nanotechnology in 2004

The U.S. government plans to plow nearly $1 billion into nanotech research during fiscal 2004, and it'll add $3.7 billion more between fiscal 2005 and 2008, said Clayton Teague, director of the National Nanotechnology Coordinator Office, a government department that facilitates cooperation between academic researchers, corporations and other government offices.