National Nanotechnology Initiative; Research and Development Supporting the Next Industrial Revolution, Supplement to President’s FY 2004 Budget, August 2003

Subject Area:
NNI Budget
Author: NSTC/NNI/NSET
Publication Date: Aug. 29 2003

Description:

Provides a summary of the organization and management of the National Nanotechnology Initiative (NNI), highlights recent accomplishments, and outlines the challenges and vision for the coming fiscal year and beyond.


Nanotechnology Fact

The United States is not the only country to recognize the tremendous economic potential of nanotechnology. While difficult to measure accurately, estimates from 2008 showed the governments of the European Union (EU) and Japan invested approximately $1.7 billion and $950 million, respectively, in nanotechnology research and development. The governments of China, Korea, and Taiwan invested approximately $430 million, $310 million, and $110 million, respectively (Roco, Mirkin, and Hersam, Nanotechnology Research Directions for 2020, 2010). This compares to 2008 U.S. Government spending of $1.55 billion.

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