The National Nanotechnology Initiative: Research and Development Leading to a Revolution in Technology and Industry, July 2007

Subject Area:
NNI Budget and Strategy
NNI Publications and Reports
Author: National Science and Technology Council
Publication Date: Jul. 31 2007

Description:

Describes activities underway in 2007 and planned for 2008 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 2007 and requested investments for 2008 by Program Component Area (PCA), as called for under provisions of the 21st Century Nanotechnology Research and Development Act (Public Law 108-153).

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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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