Signs of Nanotech Industry :
According to a recent study by Lux Research, North American companies spent $1.7 billion on nanotech research in 2004 and budget numbers in 2005 are on track to be higher. Even more impressive, 30% of the companies among the Dow Jones Industrial Average have announced nanotechnology partnerships, including names like DuPont, Volkswagen, Merck, and General Electric. 3M, renowned for product innovation, is on record as considering nanotechnology as having the biggest potential for their next blockbuster products.