Dr. Clayton Teague's Congressional Testimony

Subject Area:
Additional Resources
Author: NNCO
Publication Date: Apr. 14 2011

Description:

Dr. Teague, Director of the NNCO, testified before the US House of Representatives Subcommittee of Research and Science Education. This is the official transcript.


Nanotechnology Fact

Nanotechnology has the potential to profoundly change our economy and improve our standard of living, in much the same way as information technology advances have revolutionized our lives and the economy over the past two decades. While some commercial products are beginning to come to market, many major applications for nanotechnology are still 5-10 years away. Private investors look for short-term returns on investment, generally in the range of 1-3 years. Consequently, government support for nanotechnology research and development in its early stages is required to ensure that the United States can maintain a competitive position in the worldwide nanotechnology marketplace while realizing nanotechnology’s full potential. For more information on the various funding mechanisms of the NNI, see Funding Opportunities. To see some examples of what NNI funding has accomplished, see NNI Achievements in Nanotechnology.

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