Well it would appear that the U.S. government has released an updated strategic plan for nanotechnology development for the next 5-10 years. You can find the plan itself here. According to comments here the 22 government agencies involved are spending $1 billion on these efforts in 2004. Interesting given that there is no definition for "MNT" in the glossary of the "plan". So we are effectively spending $1B/yr on "nanoscale science"…
The question becomes is there any way to evaluate these plans and budgets to determine whether the U.S. government pushing long term high risk efforts that will ultimately lead to continued U.S. leadership in these high technology areas, or had we best sell everything we own in the U.S. and move to China and enroll in one of the 50 MIT's they plan on constructing? [1]. More…
1. Ray Kurzweil in "Machine Dreams" an interview by Art Jahnke in CIO, October 15, 2004