 Nanotechnology plays a crucial role in electronics, materials science, and medicine. (Source: Branchez-vous Matin)
The EU and Asia may surpass the U.S. in small stuff
If
the U.S. does not do something fast, it may see its lead in
nanotechnology slip through its fingers. That was the
conclusion in a
report delivered to U.S. President Barack Obama on
Thursday.
According to the report, between 2003 and 2008
nanotechnology investments -- both public and private -- grew 18
percent a year on average, while overseas they grew 27 percent.
Among the reports recommendations are to increase research funding,
promote commercialization of nanotech, and to try to lure foreign
researchers into the U.S.
Nanotechnology is one of the hottest
fields of research in science today. It deals with manipulating
matter on a scale of 10 or 100 billionths of a meter. This is
the scale that many molecules that the human body manufactures are
on. Nanotechnology holds great promise in materials
engineering, medicine,
and electronics,
among other fields. Modern computer GPUs and CPUs are today
built on a nanometer scale, and thus could be considered examples of
nanotechnology in action.
U.S. is the biggest name in
nanotechnology still, despite its slippage. In 2008 it
invested $5.7B USD in nanotechnology, more than any other
nation. Maxine Savitz, who chaired the National
Nanotechnology Initiative working group (consisting of three
members of the council and 12 nongovernmental nanotechnology
experts) comments, "Though we are the leader, economic
competition from other countries has dramatically increased."
Among
the nations stepping up pressure on the U.S. are the European Union,
Japan, China, and South Korea.
The group suggests that the
NNI, which has already invested $12B USD in U.S. nanotechnology, step
up investments by 100 percent over the next 5 years. They also
recommend an additional $2M USD in budget to improve the National
Nanotechnology Coordinating Office, which oversees the NNI (the
current budget for this item is $3M USD).
If the U.S. loses
its lead in nanotechnology, it could be more than a tiny problem.
It would mean that vital business dollars would go overseas and U.S.
manufacturers would be forced to license and dependent on foreign
nanomaterials and process suppliers.
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