The National Nanotechnology Initiative: Research and Development Leading to a Revolution in Technology and Industry, Supplement to the President's FY 2006, March 2005

Subject Area:
NNI Budget
Author: NSTC/NNI/NSET
Publication Date: Mar. 21 2005

Description:

Describes activities underway in 2005 and planned for 2006 by Federal agencies participating in the National Nanotechnology Initiative (NNI), primarily from a programmatic and budgetary perspective.  It is based on the NNI Strategic Plan released in December 2004 and reports estimated investments for FY 2006 by Program Component Area (PCA), as called for under provisions of the 21st Century Nanotechnology Research and Development Act (Public Law 108-153).


Nanotechnology Fact

The United States is not the only country to recognize the tremendous economic potential of nanotechnology. The U.S. National Nanotechnology Initiative's (NNI) member agencies have cumulatively spent nearly $24 billion since the inception of the NNI in 2001. According to Lux Research: "Governments, corporations, and private investors (venture capitalists) invested $18.5 billion in nanotechnology in 2012, increasing their spending 8% relative to 2010. The U.S. contributed 36% of this amount. Corporations expanded spending by 21% over 2010, while governments and private investors reduced their investments by 5% and 10% respectively. The United States maintained its lead over all other governments, with $2.1 billion of federal and state funding in 2012. U.S. corporations also led global spending on nanotechnology research and development, investing $4 billion in 2012, which was approximately $1 billion more than the next country, Japan."

Learn more on the NNI Budget page.

Stay Connected with the NNI

Sign up for Email Alerts and Updates.

NNI-Sponsored Contests:

Stay tuned for info on the next cycles!

student video contest logoenvisionano