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Where Has My Money Gone? Government Nanotechnology Funding and the $18
Billion Pair of Pants
LONDON --Jan. 24, 2006 -- Cientifica, the world's leading independent
supplier of nanotechnology research and technology information, in a
recently released report "Where Has My Money Gone" examines the lack of
commercial impact of nanotechnologies despite $18 billion of public funding
since 1997.
Interviews with government funding agencies and researchers around the world
reveal that many of them have only just begun working on nanotechnologies
while government funding is harder to get at than imagined. The report
reveals that:
-- Global government spending on nanotechnologies totalled 4.8 billion US
dollars in 2005.
-- Japan spends three times as much as a proportion of its gross domestic
product as the United States.
-- Government nanotechnology funding takes an average of two to three years
before it even reaches the lab.
-- Governments have deep pockets but short arms when it comes to handing out
research funds.
-- Much government spending is concentrated on research areas with little
immediate commercial impact.
-- The true impact of nanotechnology will only start to be felt from 2007
onwards.
Commenting on the findings, Cientifica CEO Tim Harper said "Only by talking
to the people at the coal face of nanotechnology, the research labs, can you
get a real idea of what nanotechnology is all about. These people speak a
very different language from that of Wall Street, and the story that emerges
is very different from the hype and over expectation that we have come to
associate with nanotechnology."
The report is available from
www.cientifica.com.
About Cientifica
Cientifica is the world's leading independent supplier of research and
technology information, with activities spanning from basic research through
scientific networks to consultancy, business intelligence and investment
appraisals. With offices and representatives around the globe, Cientifica is
the number one choice of anyone looking to see the big picture about
technology.
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