Steve Jurvetson joins President Bush as he signs the Nanotechnology Bill

Steve Jurvetson joins President Bush in the Oval Office signing of the $3.7B nanotechnology bill.

Dec. 3, 2003

Visionary nanotechnology venture capitalist Steve Jurvetson stood behind President Bush during today�s signing ceremony in the Oval Office of the 21st Century Nanotech Research and Development Act. The bill puts the President's National Nanotechnology Initiative into law and authorizes $3.7 billion over the next four years for the creation of the National Nanotechnology Coordination Office and the funding of federal government nanotechnology programs.

Jurvetson, co-chair with Newt Gingrich of the NanoBusiness Alliance, represented Draper Fisher Jurvetson, where he serves as Managing Director. "We applaud the recognition of the critical role that nanotechnology will play in the future of the US economy,� noted Jurvetson. �Federal funding is the seed corn that allows our nation's great scientists to forge the future and explore the frontiers of the unknown."

As the leading investor in emerging nanotechnology businesses, Draper Fisher Jurvetson is spearheading investments in companies exploiting nano-scale technologies across a wide spectrum of applications, including novel memory chips, nano-material manipulation platforms, and next generation solar cells. For a complete list of nanotechnology companies funded by Draper Fisher Jurvetson, please see the listing of our portfolio companies.