Blog: Dan E. Linstedt

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US govt spends $3.7 Billion on Nanotech

Nanotech is coming, and the government is spending billions of dollars a year - but it's not just the US government, it's happening all over the world! We think compliance is big, security is big money, well you haven't seen anything yet. Nanotech spending tops 'em all, and the spending is only due to increase.

The following is compliments of Lux Research:
Attention tends to focus on widely-publicized efforts like the U.S.'s $3.7 billion, four-year National Nanotechnology Initiative. But competitive nanotech efforts also appear in unexpected countries. Consider that:

* China has moved from also-ran to power player when it comes to nanoscience. China's share of academic publications on nanoscale science and engineering topics rose from 7.5% in 1995 to 18.3% in 2004, taking the country from fifth to second in the world.
* Iran's NanoTechnology Initiative was ordered by none other than former President Mohammed Khatami. Applications focus on fields ranging from textiles to agriculture; the country's Agriculture-Jihad ministry recently launched a nanotech web site.
* Thailand's Ministry of Science and Technology devised a nanotechnology plan that went before the country's cabinet in June, recognizing that the nation has missed past tech waves but can get in early on this one. It calls for training 2,500 researchers, registering 300 patents, and spending $294 million over ten years.

What would you do with $3.7 Billion budget? I might go skiing... on NanoSnow that never melts ;-)

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