The Seventh Assessment of the National Nanotechnology Initiative

Summary

The Seventh Assessment of the U.S. National Nanotechnology Initiative (NNI) in August 2023 by PCAST highlights the initiative's success since its 2003 launch, noting its evolution from an emerging to a mature technology. With a cumulative 20-year federal investment of $40.7 billion and annual funding stable at $1.8-1.9 billion since FY2020, nanotechnology has driven significant economic and scientific advancements. PCAST recommends sunsetting or revising the 2003 enabling act, maintaining the NSET Subcommittee's coordination role, and expanding experiential learning programs to develop a multi-disciplinary workforce. In 2017, over 3,700 nanotechnology companies generated $42 billion in revenue, showcasing substantial returns on investment.

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