| New Technologies |
Leading the Way to the Next FrontierThe emerging fields of commercial nanotechology and information/biotechnology are real-world examples of the unique forces at work in Silicon Valley. To flourish, these promising fields require a climate that brings together the brightest minds, leading-edge technologies, and out-of-the-box thinking. In the Valley, this creative mix is fueled by a highly educated workforce, a wealth of business resources, entrepreneurial support structures, and a unique agility to operate at the speed of innovation. The Next FrontiersConvergence of Information Technology and BiotechologyAs the cradle of information technology, and as the home to more public bioscience companies than any other region in the |
United States, Silicon Valley is fertile ground for the marriage of information technology and biotechnology. Because of the region‘s critical mass and etensive formal and informal linkages, Valley companies are rapidly pioneering new hybrid technologies such as bioinformatics, biomaterials, and biochips. That’s one reason why local venture capital investment in this convergence area has surged by 70 percent.
Fueled by a 50-percent jump in government funding through the National Nanotechnology Initiative of 2000, nanotechnology is mining commercially viable products at the molecular and atomic level. As an early adherent to Moore’s Law, Silicon Valley has a long history of success with the quest for ever-decreasing scales of size. This pursuit is delivering several viable nano-products, including new materials, atomic modeling, analytical tools, nano-devices, nano-chips, and nano-biotechnology.