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USA:Global nanotechnology spending to exceed $8.6 bn |
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2004-8-27
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A recent report reveals that global spending on nanotechnology research will top $8.6 billion.
Of this, government spending will account for over $4.6 billion, with:
· North America spending approximately $1.6 billion or 35%
· Asia spending approximately $1.6 billion or 35%
· Europe spending approximately $1.3 billion or 28%
· The rest of the world spending approximatley $133 million or 2%
Meanwhile, corporations will spend an estimated $3.8 billion on nanotechnology research and development in 2004.
This constitues:
· Approximately $1.7 billion by North American companies, equating to 46%
· Approximately $1.4 billion or 36% by Asian companies
· Approximately $650 million or 17% by European companies
· Less than 1% or $40 million for the rest of the world
The report also indicates that there has been a reduction in venture capital spending with firms investing only $79 million in nanotech companies in the first half of 2004, compared to $325 million in 2003 and $386 million in 2002. Total VC funding for nanotechnology for 2004 is estimated at about $200 million.
Approximately 1500 companies have announced intentions to pursue nanotechnology strategies. Of these, about 1200 are startups, and 670 of these are US-based. |
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