President’s Council of Advisors on Science and Technology (PCAST) Review of the NNI for 2017 (letter report)

Subject Area:
External Evaluations of the NNI
Author: President’s Council of Advisors on Science and Technology (PCAST)
Publication Date: Jan. 17 2017

Description:

The President’s Council of Advisors on Science and Technology released its most recent review of the National Nanotechnology Initiative in a letter report, stating “The NNI has created a foundation for researchers to unearth the scientific secrets of the smallest scale and begin to amplify them into reimagined devices, systems, and new ways of engineering that will address some of the Nation’s greatest challenges.”


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.”

Learn more on the NNI Budget page.

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