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Bioinformatics only caught on around 1999/2000. When I got into the industry there were very few people who knew their way around, especially from the programming side.

I've done a lot of nano over the years (before I ever did bio), and there is a lot out there, but nano in the nanomachine sense is still a pipedream and will be for a long time (IMHO).

On the funding side, the funds are there for sequencing, Genome Wide Association Studies, etc. Bioinformatics is part of that effort, and critical, but not directly what the funds are for



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