Nanotech will tap nature's potential, investor says. Venture capitalism interest in nanotechnology appears to still be strong despite recent setbacks.

Speaking at the Hot Chips conference at Stanford University, Jurvetson asserted that nanotechnology--the ability to make products on the molecular level--will usher in the next great wave of innovation despite the recent cancellation of Nanosys' high-profile initial public offering. That revolution will occur, in part, because scientists will be able to harness or imitate the power of nature.