Nanotechnology is a field that is steadily gaining traction as a result of big investments by world governments and industry. People in numerous key industries will someday be using nanotechnology for creating and manipulating molecular structures to invent new materials, devices or ultra-small objects at the nanometer scale. A nanometer is one-billionth of a meter in length. Nanotechnology and MEMS 2003: The Race to Commercialize the Ultra-Small, a new report by Takeda Pacific, examines the race to commercialize ultra-small things to be used in applications from semiconductors to fabrics to medical or drug delivery uses to biodefense equipment and more. This "must have" report updates the status of nanotechnology R&D and discusses the race to commercialize emerging products. While the current market is mainly for nanotechnology R&D, the study reports that a commercial market is emerging. This study segments the market into major categories and sub-groups to show the hottest growth areas and where government, industry and investors are putting their money. This study provides details on how the US government is leading the world in annual nanotechnology R&D spending after spending over $2 billion for National Nanotechnology Initiative (NNI) projects. This Federal initiative combines the interests in nanotechnology of the DOD, NSF, NIH, DHS, EPA, DOJ, NIST and the USDA. The report says that state and local governments are also making a play to invest in nanotechnology. This study shows that private companies are actively involved in boosting nanotechnology developments. All of the Fortune 500 companies, the major venture capital firms and numerous start-up firms are in the race to commercialize small things too. This valuable report discusses that commercializing ultra-small things involves navigating through steps that include understanding key microtechnologies such as MEMS. The report highlights the advances of academic and industry nanotechnology thought leaders, lists their key patents, and suggests potential business models. This study offers 30 tables and figures, and profiles 16 nanotechnology vendors.