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Global Funding of Nanotechnologies - 2011 Edition
Cientifica Ltd, Sep 2011, Pages: 82
In the last 11 years, governments around the world have invested more than US$67 billion in funding nanotechnology research. While some funding programs are mature and concentrating on translational research, others are still at an early stage requiring large purchases of infrastructure, from instruments to buildings and services.
Cientifica has been tracking public funding of nanotechnologies for ten years, and its unrivalled connections with academics and funding agencies make this report, the most accurate available.
The report also predicts government funding of nanotechnologies to 2015, using the latest information and taking the current economic climate into account.
The report contains detailed breakdown and analyses of funding in the major economies of the Americas, Asia, EMEA and RoW including:
- Method of Distribution
- Areas of Distribution
- Infrastructure Funding
- Timescale for Funding
- Size of Funding Investments
This report looks at:
- Changes to funding figures going forward based on the current economic climate
- The most noticeable changes in policy or focus for nanotech funding in the current environment
- Changes in the amount of funding allocated to infrastructure/equipment based on plans going forward
- Key/major infrastructure initiatives; e.g. new nanotech centers, new initiatives
- Flagship programs that are in the works/early phase
- Provide indices for emerging technology exploitation, and a nanotechnology impact factor for each featured country.
Finally, using indicators from various sources such as WEF, OECD and IMF, we have calculated two key indices for each country as a measure of which countries are most well equipped to translate research into the economy:
- Emerging technology exploitation index (EEI)
Every year Cientifica undertakes one of the world's most exhaustive searches into the global funding of nanotechnologies in order to identify not only where the dollars, euros and yen are being spent, but also to gain an unique insight into the trends shaping tomorrow's applications.
For the 2011 report we have also integrated data from the World Economic Forum's annual Global Competitiveness Report in order to gain insights into how well various countries are able to capitalise on their investment in research.
Key Findings
- With US government funding of nanotechnology receding slightly in 2011, Purchasing Power Parity (PPP) estimates indicate that for the first time, China will spend more than the US to fund nanotechnology.
- In the last 11 years, governments around the world have invested more than US$67.5 billion in nanotechnology funding. When corporate research and various other forms of private funding are taken into account, nearly a quarter of a trillion dollars will have been invested in nanotechnology by 2015.
- Corporate research and private funding were thought to have surpassed government funding figures as far back as 2004. But this year, according to Cientifica's estimates, in PPP terms China will spend US$2.25 billion in nanotechnology research while the US will spend US$2.18 billion. In real dollar terms, adjusted for currency exchange rates, China is only spending about US$1.3 billion to the US's $2.18 billion.
- This appears to be a temporary hiccup in US dominance in public funding of nanotechnology with the US again taking the lead next year even in PPP terms, spending $2.46 billion with China allotting $2.2 billion.
- Cientifica's index of countries' ability to take advantage of emerging technologies indicates the US, Germany, Taiwan and Japan have the combination of academic excellence, technology-hungry companies, skilled workforces and the availability of early stage capital to ensure effective technology transfer.
- When combined with levels of nanotechnology funding, the US is still the place to be, although China and Russia are increasingly attractive. The UK and UK and India struggle at the bottom of the league.
- A white paper is also available giving an overview of the key numbers, which we believe to be the most accurate available anywhere.
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