PCAST: Report to the President and Congress on the Fourth Assessment of the National Nanotechnology Initiative (2012)

Subject Area:
External Evaluations of the NNI
Author: Executive Office of the President; President's Council of Advisors of Science and Technology (PCAST)
Publication Date: Apr. 27 2012

Description:

The National Nanotechnology Initiative (NNI) is a crosscutting Federal program designed to coordinate U.S. investment in research and development (R&D) activities in nanoscale science, engineering, technology, and related efforts across 25 agencies and programs. This is the fourth review of the NNI by the President’s Council of Advisors on Science and Technology (PCAST) since the council was designated in 2004 as the National Nanotechnology Advisory Panel tasked with reviewing the initiative.

The Federal Government has proposed $1.8 billion of funding in fiscal year (FY) 2013 for 15 agencies with budgets dedicated to nanotechnology research and development. The FY 2013 request will represent total funding of $18 billion over the life of the Initiative. Nearly 75 percent of this funding goes to three Program Component Areas: Fundamental Nanoscale Phenomena and Processes, Nanomaterials, and Nanoscale Devices and Systems. The NNI continues to support a strong and growing portfolio of research on the societal implications of nanotechnology, nanotechnology education, and public outreach. The President’s 2013 budget includes a total of $306 million—a 24-percent increase compared to 2011 actual spending—for three Nanotechnology Signature Initiatives: Nanotechnology for Solar Energy Collection and Conversion; Sustainable Nanomanufacturing: Creating the Industries of the Future; and Nanoelectronics for 2020 and Beyond. These initiatives foster meaningful interagency collaboration and serve as springboards for the rapid advancement of nanoscience and technology toward commercialization.


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."

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