For Risky R&D, A Sweetener From Uncle SamJohn Carey
James M. Daughton nearly was a victim of the growing aversion to long-term research. In 1989, he left Honeywell Inc. to start Nonvolatile Electronics Inc., based in Minneapolis. But when his company ran short of money, Daughton's dream of making a memory chip that "remembers" even when the power is off began to fade.
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