ABSTRACT
Nanotechnology being a platform technology feeds its output into numerous industries, which use the inputs to improve their products. Nanotechnology is a combination of science and technology and its commercialization requires the theoretical understanding of the underlying process, and specialized equipment for producing nanotechnology products through nanofabrication. Along the path to commercialization, nanotechnology’s biggest liability is its novelty. Federal research grants for nanotechnology are defined and awarded by individual US government departments and agencies, in accordance with their respective missions. Nanotechnology refers to the projected ability to construct items from the bottom up, using techniques and tools currently being developed to make highly advanced products. It is capable of producing products, materials, and devices that impact a wide spectrum of industries and consumer products. In addition, nanotechnology has to overcome many barriers related to robust production and large-scale manufacturing. New federal and state laws and regulations are needed to encourage growth of small and medium nanotechnology companies.
