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The loan program financed technologies that were being built at commercial scale for the first time.
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Now the two have opened a jointly financed technology centre to help to process and separate the ore with the rare elements then shipped to Japan.
Chesapeake Energy said on Monday that it planned to create a $1 billion venture capital fund aimed at financing technologies that rely on natural gas instead of imported oil.
The European Union, for example, has committed 1 billion euros, or nearly $1.5 billion, to study and finance technologies and services for the aged.
The new plan finances technology and robotics, but has no other clear goal.
"Historically, the high-yield market really didn't finance technology companies," said Martin Fridson, senior high-yield strategist at Merrill Lynch.
The Defense Department has its Advanced Research Projects Agency, known as ARPA, whose mission is to finance technology that might eventually have some application to the military.
Her father is the managing director of the New Ventures Group at Idealab, a merchant banking company in Pasadena, Calif., that helps create and finance technology start-ups.
The breaking of Merck's patent shows that "if you do innovation you're running a risk," says Fernando Reinach of Votorantim Novos Negócios, which finances technology ventures.
Fees get plowed back to the courts to finance technology, but the system runs a budget surplus of some $150 million, according to recent court reports.
Jeff Fagnan of Atlas Ventures has announced a new $200 million fund dedicated exclusively to financing technology startups.
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