C/NET Investor covers nanotechnology

from the Most-scientists-believe? dept.
A fairly decent investment-oriented article on nanotechnology appeared on the CNET News.com website ("Is small the next big thing?", by Tiffany Kary, 11 February 2002; the article also appears on the ZDnet website at http://zdnet.com.com/2100-1103-833739.html). As the article notes, "The revolution won't happen overnight, and even nanotechnology's biggest supporters acknowledge that the field could become the next craze–think dot-coms–in which hype outruns real application and business sense. Nevertheless, recent developments indicate that the science is progressing well beyond the "white paper" stage. For starters, the government, tech titans and venture capitalists are pouring money into the field, producing breakthroughs that have enabled several companies to make nanotechnology product announcements. These prospects have grabbed VCs' attention."

The article notes the increasing level of research activity, government and private financing, and interest by the investment community, and surveys important work by companies ranging from giants like IBM and Hewlett-Packard down to start-ups such as Nantero.

Looking farther ahead, the article makes the somewhat incredible claim that, while nanorobots are hypothetical, "most scientists believe there will be some form of "molecular assembler" within the next 20 years, and that the device will serve a concrete purpose." The article then follows a typical pattern in presenting of the ideas proposed by Eric Drexler, followed by the "grey goo" willies of Bill Joy, and the distancing dance skeptics perform when confronted with long-term possibilities of advance molecular nanotechnology. The article quotes Josh Wolfe of Lux Capital, a nanotech-oriented venture capital firm: According to the article, Wolfe said he has seen plenty of business proposals based on such ideas, but he considers them implausible.

"It's utter nonsense–thoughts that you can change the economy because you can manufacture things instantaneously at your desk by just hitting a button," Wolfe said. . . . As far as Wolfe is concerned, any technology based on the "Drexlerian vision of nanotech"–that is, the self-replicating assembler–should be put in its place. These far-out ideas should "promote ethical debates and get people involved," but "investors should not be looking at that type of thing," he said.

[Thanks to David Wallace Croft and Patrick Underwood for posting a notices about this item.]

More on Bush FY03 budget: not all the news is good.

Analysts and pundits are looking over the big increase in nanotech-related R&D funding requested by the Bush Administration on 4 February 2002.

Jurvetson on Nanoelectronics

Kevin Keck writes "Steve Jurvetson, Senior Associate and well-known VC, will be speaking and leading a panel entitled "Nanoelectronics: The Quantum Leap from Theory to Practice" at Stanford Business School on Tuesday, February 19, sponsored by the MIT/Stanford Venture Laboratory. On the panel are Stan Williams, Director of Quantum Science Research at HP; Randy Levine, CEO of ZettaCore; Scott Mize, CEO of AngstroVision; and Kyepongjae (KJ) Cho, Assistant Professor of Mechanical Engineering, Materials Science and Engineering at Stanford University."

Nanotubes Could Make Ships Lightweight, Superstron

LawrenceTrutter writes "The Space.com story, Microscopic Nanotubes Could Make Ships Lightweight, Superstrong , discusses the predictions made by NASA's Nanotube team. Several applications of the nanotubes mentioned in the article include composite, nanoelectronics, biomedical applications, energy storage, and thermal materials.

Dr. Richard Smalley of Rice University is also quoted in this article. There is also a brief report on Richard Smalley's team progress."

Materials Today highlights molecular electronics

from the Molectronics dept.
The cover and a pair of feature articles in the February 2002 issue of Materials Today, an international magazine devoted to the latest research and policy news for materials researchers in academia, industry and government, highlight "Molecular electronics: the future of computing". The two feature articles are available on the MT website, as Adobe Acrobat PDF files. (Note: the PDF files have been print-disabled, so you can only view the articles online.)

Company touts dendrimers for drug delivery, biowarfare sensors

from the (world-authority-on-nanotech?) dept.
A rather breathless article in the Australian Daily Telegraph ("AIDS cure closer: expert", 4 February 2002) describes a visit to Australia by Professor Donald Tomalia, whom the article describes as "the world authority on nanotechnology", to trumpet work by Dendritic Nanotechnologies Ltd, the joint-venture of Melbourne-based pharmaceutical company Starpharma and Brisbane-based diagnostic firm Panbio. Tomalia is a leading researcher in the field of starburst dendrimers, a type of complex, tree-like spherical branching polymer molecules, at Central Michigan University in the United States. Dendritic Nanotech was formed in August 2001 to develop products using "dendrimer nanotechnology"

Australia would pioneer the application to humans of the synthetic molecular structures to prevent and cure diseases such as STDs, malaria and Hepatitis B, Prof Tomalia told reporters in Sydney. According to the article, dendrimers were being touted by Dendritic Nanotechnologies as having implications for anything from preventing tumour growth to curing AIDS to detecting biological warfare.

Dr John Raff, CEO of Starpharma, said the Australian federal government had committed A$6 million to the company's research. He said the Australian army was embracing nanotechnology, following in the footsteps of the U.S., which was equipping its army with detection devices against germ warfare. "The opportunities of broadscale protections against a range of respiratory viruses is enormous," he said. "The US army has made a very serious commitment to the nano area. The army intends to give every foot soldier out there devices to detect biological threats. That is now a reality. Australia is just now coming into this very exciting area," he said.

Article says nanotech needs products soon, or it

from the Nano-hype,-nano-whining dept.
An article on the Small Times website ("Nanotech headed for historyís dustbin unless it cuts the hype, panelists warn", by Matt Kellye, 5 February 2002) recaps comments made during an investment forum at Harvard Business School by a four-member panel who make the dubious assertion that "the fledgling sector needs to start creating real devices to solve existing problems . . . Otherwise, nanotech could follow artificial intelligence or other technology fads that once flashed into the public mind, only to end up as niche ideas that never went mainstream." The article also described what seems to be a lot of impatient hand-wringing over a lack of perceived applications and short-term returns for nanotechnology investment.

Corrected: Bush Administration proposes $679 million for NNI

from the you-wish dept.
The version of this item posted on 4 February 2002 incorrectly listed the amounts requested by federal agency in billions, rather than millions, of U.S. dollars. Unfortunately, the correct amounts are only millions. Below is the corrected version — Ed.

As part of the US$2.13 trillion budget proposed for the U.S. federal government for fiscal year 2003, the Bush Administration has requested a total of $679 million for the multi-agency National Nanotechnology Initiative (NNI), a 17 percent increase over FY2002.

The request includes:

According to the Analytical Perspectives: Budget of the United States Government, a document which discusses the Administrationís budge proposals in detail:

The budget provides $679 million for the multi-agency National Nanotechnology Initiative, a 17 percent increase over 2002. The initiative focuses on long-term research on the manipulation of matter down to the atomic and molecular levels, giving us unprecedented building blocks for new classes of devices as small as molecules and machines as small as human cells. This research could lead to continued improvement in electronics for information technology; higher-performance, lower-maintenance materials for defense, transportation, space, and environmental applications; and accelerated biotechnical applications in medicine, healthcare, and agriculture. In 2003, the initiative will focus on fundamental nanoscale research through investments in investigator-led activities, centers and networks of excellence, as well as the supporting infrastructure. Priority areas include: research to enable efficient nanoscale manufacturing; innovative nanotechnology solutions for detection of and protection from biological-chemical-radiological-explosive agents; the education and training of a new generation or workers for future industries; and partnerships and other policies to enhance industrial participation in the nanotechnology revolution. The convergence of nanotechnology with information technology, modern biology and social sciences will reinvigorate discoveries and innovation in many areas of the economy.

The document is available online as an Adobe Acrobat PDF file (about 3.2 Mb). Additional budget documents are available at the White House/Office of Management and Budget (OMB) website.

It is worth noting that the document also mentions the following areas that will be addressed by the U.S. Information Technology Initiative: ëëtrustíí (security, reliability, and privacy); high-assurance software and systems; and micro- and embedded sensor technologies. The document is available online as an Adobe Acrobat PDF file (about 3.2 Mb). Additional budget documents are available at the White House/Office of Management and Budget (OMB) website.

It is worth noting that the document also mentions the following areas that will be addressed by the U.S. Information Technology Initiative: "trust" (security, reliability, and privacy); high-assurance software and systems; and micro- and embedded sensor technologies.

Article notes Zyvex interest in medical device technology

from the long-range-plans dept.
An article in Dallas-Ft. Worth TechBiz ("Local medical device industry could boom with right political support", by Pavan Lall, 21 January 2002) describe innovative companies in the medical device industry in Texas. The article includes a brief nod toward the potential medical applications of nanotechnology:

Nanotechnology will help shrink medical devices, said Christopher Chavez, president and chief executive at Plano-based Advanced Neuromodulation Systems Inc. ìThe technical issues of nanotech will be resolved downstream, and the improvement of devices will be based on a synthesis of different technologies,î he said. . . . In about 20 years, through a better understanding of the central nervous system, electricity will be accepted as a digital drug, Chavez said. The shrinkage of medical devices will stimulate other technologies as well as make the broad-based use of drugs and chemicals obsolete. ìMachinery and electrode miniaturization will result in very elegant solutions that will be tremendously intelligent,î he said.
Jim Von Ehr, president and chief executive of Richardson-based nanotech company Zyvex Corp., agreed. ìWe have been talking with a number of doctors about things in the medical area and have looked at micro-devices and micro-diagnostics. In the future, there could be a variety of micro-devices that will detect bacteria in a system, chop it into pieces and digest it or even carry oxygen better than a cell in a bloodstream can.î To successfully implement different aspects of medical devices in production, one must understand biological content as well as the relation to software and bioinformatics, Von Ehr said.

It is worth noting that Robert A. Freitas Jr., author or Nanomedicine, the first book-length technical discussion of the potential medical applications of molecular nanotechnology and medical nanorobotics, is a Research Scientist with Zyvex.

USPTO may have difficulty with nanotech patents

An article on the Small Times website ("U.S. patent examiners may not know enough about nanotech", by Doug Brown, 4 February 2002) describes some potential problems faced by the U.S. Patent and Trademark Office (USPTO) in evaluating what is expected to be a sharp increase in the number of nanotechnology-related patent applications. The article describes problems with both a lack of staff expertise in the relevant fields and the fact that there is no well-defined group or office within the USPTO that can develop the necessary deep expertise or consistency in examination policy. As the article notes, "With examiners ignorant of the scope of nanotechnology, companies would be faced with patents that are either rejected improperly because the examiner mistakenly concluded that the application is not new, or overly broad patents that would give a single company far too much control over a particular swath of a technological field. . . . Now, nanotechnology patents are scattered from technology center to technology center. As a result, patents live in isolation within different art units. The agency doesnít necessarily need to launch a nanotechnology center, . . . but it should put in place a system that funnels nanotechnology patents to specific people tutored in nanotechnology within the different technology centers. The nanotechnology specialists can communicate with one another, which would help ensure that only the right patents are granted for the right reason."

Note: Small Times has begun posting short notices on the latest micro- and nano-tech patents in a special section of their website.

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