If you think microscopic machines that can destroy malignant cells in the body, build super, ultra-small computers and create materials of super strength sounds incredible, you ain’t seen nothing yet.
It all can become possible because of Nanotechnology an emerging science in which new materials and tiny structures or machines are built atom-by-atom. It sounds like science fiction, but its scientific reality that could revolutionize how we live and how we do business
The founding member of W3C at MIT who has built and sold three software companies, describes nanotechnology as the “Coming Tsunami.” Nanotechnology has received as much acclaim as a rock star but Summers says we haven’t seen anything yet
However, Summers said not to expect nano-machines for sale at the local hardware store soon. But make no mistake that nanotechnology is going to make a lot of inventors, entrepreneurs and investors rich, Summers predicts
Superintendent, Chemistry Division Naval Research Laboratory points out that the next step is to take nanotechnology research from intellectual circles to the commercial marketplace.
Murday notes that in the last five years, there’s been a tremendous growth. But that’s only the beginning. In 1997, business involving nanotechnology reached $115 million, but today there’s more than $600 million. In fact, the U.S. is lagging behind the rest of the world which will do about $900 million this year. To get a perspective on how important the federal government thinks this emerging science is, visit www.nano.gov
Some of the possibilities include
Dr. James Klemic
A lecturer in the Departments of Applies Physics, Electrical Engineering and Biomedical Engineering at Yale, said it’s definitely possible to build circuits on a molecular scale. The challenge is to make useful electronic devices.
Author of “The Investor’s Guide to Nanotechnology and Micromachines” highlighted what investors are looking for from high-tech startups
Summers explained that entrepreneurs often rush to investors to explain their innovative idea or product, forgetting to develop customers before they ask for a check. It might sound like a Catch-22 that you need customers to draw financers; but it answers a couple basic concerns of investors: