Senate passes nanotech funding bill

Michael Kanellos
Michael Kanellos Staff Writer, CNET News.com
Michael Kanellos is editor at large at CNET News.com, where he covers hardware, research and development, start-ups and the tech industry overseas.
this week passed the 21st Century Nanotech Research and Development Act, which authorizes $3.7 billion over four years for research and development into

Nanotechnology has become the new space race. Japan, China and a number of European countries are investing in nanotechnology research in an effort to become an intellectual-property giant in the field.