For Risky R&D, A Sweetener From Uncle Sam

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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.