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

Although federally-funded R&D yields hard-to-quantify benefits such as students educated, degrees conferred, companies started, patents and copyrights granted, developmental partnerships formed, and private sector investment inflows, there are many indicators of the impact of this ­­­­­investment.

For example, there are over 1,900 U.S.-based companies conducting R&D, manufacturing, or product sales in nanotechnology in 2016. Of these companies engaged in the nanotechnology sector, over 36% have participated in the Small Business Innovation Research or Small Business Technology Transfer programs funded by the Federal agencies that participate in the National Nanotechnology Initiative. The most recent Business R&D and Innovation Survey (BRDIS) conducted by the National Science Foundation (NSF) found approximately 1,500 companies engaged in nanotechnology with approximately 1,100 of these classified as small businesses (less than 500 employees). The difference in the number of companies cited above can be attributed to the year the data was collected and other methodologies.

A noteworthy impact of the NNI has been the focused investment by NNI-participating agencies in the establishment and development of multidisciplinary research and education centers devoted to nanoscience and nanotechnology. NNI agencies have developed an extensive infrastructure of nearly 100 major interdisciplinary research and education centers and user facilities across the United States. This cutting-edge fabrication and characterization equipment provides state-of-the-art nanoscience tools and expertise for research by non-profit or business organizations, whether small or large, for use-inspired research and some of the user facilities are available free-of-charge for non-proprietary work if the user intends to publish the research results in the scientific literature.

In December 2015, Lux Research estimated that nanotechnology-enabled products generated $1.6 trillion in global revenues in 2014; and that figure is anticipated to increase to $3.5 trillion in 2018.

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