Global Nanotechnology Funding 2011
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.
This white paper gives an overview of the key numbers, which we believe to be the most accurate available anywhere.
- 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.
For more detailed information about specific technology funding, detailed analysis, country specific information, further insights and strategy, please contact us.