U.S. House Passes Nanotech Research Budget

The House on Wednesday approved the spending of $2.4 billion over the next three years to foster research into nanotechnology, the science of manipulating single atoms and molecules to create new products.

The legislation, passed 405-19, would fund and coordinate research and development programs in the National Science Foundation, the Department of Energy, the National Aeronautics and Space Administration, the Environmental Protection Agency and the National Institute of Standards and Technology.

Comparable legislation has been introduced in the Senate.

The National Science Foundation estimates that the global nanotech market will be over $1 trillion within ten years.

If the initiative becomes law, how can your area’s businesses, universities and other entities compete for a portion of these Federal research funds?

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