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

Yes, nanotechnology is becoming ubiquitous in our daily lives and has found its way into many commercial products, for example, strong, lightweight materials for better fuel economy; targeted drug delivery for safer and more effective cancer treatments; clean, accessible drinking water around the world; superfast computers with vast amounts of storage; self-cleaning surfaces; wearable health monitors; more efficient solar panels; safer food through packaging and monitoring; regrowth of skin, bone, and nerve cells for better medical outcomes; smart windows that lighten or darken to conserve energy; and nanotechnology-enabled concrete that dries more quickly and has sensors to detect stress or corrosion at the nanoscale in roads, bridges, and buildings. By some estimates, revenue from the sale of nanotechnology-enabled products made in the United States has grown more than six-fold from 2009 through 2016 and is projected to exceed $500 billion in 2016.

For more information, see Benefits and Applications.

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