Nanotech funding to reach $8.6 bln in 2004

Corporations, governments, universities and others are expected to spend an estimated $8.6 billion on nanotechnology research and development in 2004, and the private sector will account for a bigger proportion of the total.

Corporations, governments, universities and others are expected to spend an estimated $8.6 billion on nanotechnology research and development in 2004, and the private sector will account for a bigger proportion of the total. Spending on nanotech research will more than double from the estimated $3 billion level of 2003, according to Lux Research.