Big prizes for technological innovation are becoming all the rage in Washington.
Ars Technica tells us that Republican Senator Olympia Snowe of Maine and Democratic Senator Ron Wyden of Oregon have introduced a bill to fund prizes for advancements in nanotechnology. They're hoping the fund will attract money from private investors as well.
Nanotechnology is a bit of a catch-all phrase for the study of materials that can be manufactured in bulk on the extremely tiny nanometer scale. The field as such didn't exist until recent years, when the technology for creating materials at this fine scale became more widespread.
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