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        House Hearing on Nanotechnology: Where Does the U.S. Stand?

        Robert Bradbury writes: “Re: House Hearing on: “Nanotechnology: Where Does the U.S. Stand?
        June 29, 2005.

        Sean Murdock’s testimony (pdf available) has some very illuminating graphs and
        some interesting observations such as:

        Next, the government must fully and effectively utilize the
        SBIR and ATP programs to enhance commercialization activity.
        Many member companies speak of the “myth” of the SBIR Phase
        III — the phase where innovations proved out in Phase II are
        supposed to be brought into use in the sponsoring agency.
        While the SBIR grants in and of themselves are quite
        valuable to those attempting to commercialize nanotech
        innovations, purchases to meet agency needs would generate a
        sustainable source of revenues and provide customer
        validation.

        and

        Until the VC cycle changes again and the stock markets allow
        companies to adopt longer time horizons, we have a substantial
        and growing “valley of death.”

        Of interest is looking for “China” in the documents listed below. The Assessment [3]
        points out that in China over 39% of undergraduate degrees were in
        engineering while in the U.S. it is only 5%

        See [1] for Testimony of: Sean Murdock, NBA [2] and the NNTI 5 year
        assessment [3] for more information.

        1. http://www.house.gov/science/hearings/research05/june29/
        2. http://www.house.gov/science/hearings/research05/june29/Murdock.pdf
        3. The National Nanotechnology Initiative at Five Years: Assessment and
        Recommendations of the National Nanotechnology Advisory Panel
        – Preident’s Council of Advisors on Science and Technology (May 2005)
        http://www.house.gov/science/hearings/research05/May18/PCAST%20nano%20report.pdf

        UPI had an Interesting report July 6 (no URL I can find) citing the
        fact that the U.S. is being outspent by other countries. Cites
        Matthew Nordan, VP Research at Lux Research as claiming that
        the U.S. is spending $5.42/capita on nanotech while spending for
        other countries is higher (S. Korea: $5.62, Japan: $6.30 and
        Taiwan: $9.40 on a per capita basis). He also pointed out that
        the $130 million estimated being spent by the Chinese government
        last year equaled $611 million when adjusted for purchasing power.
        That is a signifant fraction (~60%) of what the U.S. is spending.”

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