PCAST: Report to the President and Congress on the Fifth Assessment of the National Nanotechnology Initiative (2014)

Subject Area:
Non-NNI Reports
External Evaluations of the NNI
Author: Executive Office of the President; President's Council of Advisors of Science and Technology (PCAST)
Publication Date: Oct. 10 2014

Description:

The National Nanotechnology Initiative (NNI) is a crosscutting national vision for nanotechnology development in the United States. The Federal effort in nanotechnology coordinates U.S. investment in research and development (R&D) in nanoscale science, engineering, technology, and related activities across the U.S. Government. In FY2014, even though five agencies garnered 93 percent of the Federal spending in nanotechnology R&D, 27 agency units from 20 top‐level Federal entities participated in nanotechnology activities. The 21st Century Nanotechnology Research and Development Act of 2003 calls for a National Nanotechnology Advisory Panel to review the NNI periodically. Designated in 2004 to be that panel, the President’s Council of Advisors on Science and Technology (PCAST) has reviewed the NNI five times, and this report is the third of this Administration’s PCAST.  


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 member agencies have cumulatively spent more than $23 billion since the inception of the NNI in 2001. According to a Lux Research estimate released in December 2015, “The U.S. leads in government (state and Federal) nanotechnology funding with $1.72 billion spent in 2013 and $1.67 billion spent in 2014. Europe’s collective spending (European Commission and individual country programs) was $2.45 billion in 2014, an increase of 9.8% from 2012. While some countries, such as the U.S., continue to have centralized government programs to coordinate nanotechnology activities, most countries no longer do. In fact, many countries no longer explicitly fund nanotechnology, although it may be a part of initiatives that are funded under different technology support programs. Because of this change, it is difficult to determine with certainty the level of nanotechnology funding by country or region.”

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