The amount of money venture capital firms provided to MEMS and Nanotech companies combined in the first half of 2006 was down 15.4% compared to the first half of 2005, according to Bourne Research. The market research firm reports that funding of nanotech start-ups alone was down 38.7% for the same period, while funding of MEMS start-ups was up 23.6%.
In looking at commercial progress made by companies offering MEMS and Nanotech-based solutions during the first half of 2006, Bourne Research also found that while product development continues to focus on Consumer Electronics and Medical applications, various Energy and Industrial sectors will benefit more in the near term from actual product sales. There is a strong disconnect between what makes headlines and where real traction is taking place.
Source: Bourne Research