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The Nano Technology Blog is the place for conversation and discussion about materials and structured products, devices, manufacturing and commercialization, and R&D. Here, you'll find everything from application ideas, to news and industry trends, to hot topics and cutting edge innovations.

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Nanotech Revenues Soar

Posted December 16, 2007 7:57 AM

Nanotechnology is maturing beyond the discovery hype phase into a real market with real revenues — $50 billion worth of sales in 2006 alone, according to a new market report by Lux Research. Products range from drugs fielded by Merck and Gilead to cordless power tools produced by Black & Decker. The research funding in 2006, meanwhile, $11.8 billion, with a significant amount coming from venture capital sources, is proof that there's still funding available for the right ideas.

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Guru
Engineering Fields - Retired Engineers / Mentors - New Member

Join Date: Dec 2006
Location: Brecksville, OH
Posts: 1621
Good Answers: 18
#1

Re: Nanotech Revenues Soar

12/17/2007 5:32 PM

What bothers me about "nanotechnology " is that it has become a Buzzword. It is used to get market advantage , research funding, etc, etc. I have observed that a number of products on the market (products I am familiar with) are claiming nantechnology when the processes and products havent changed one wit.

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#2
In reply to #1

Re: Nanotech Revenues Soar

12/21/2007 11:44 AM

Real Nanotechnology uses only UNUSUAL properties of nanoparticles (size less than 100 nm), other so called nanotechnology uses only the word "nano" when "micro" is quite enough!

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