European Countries Invests $24M on Nanotech Risk Research
A new analysis by the Project on Emerging Nanotechnologies (PEN) indicates that European nations are investing nearly twice as much as the U.S. in research primarily aimed at addressing the potential risks of nanotechnology. The analysis also highlights a substantial over-inflation of the federal government’s…
Egytex News Desk
Egytex
Research was classified according to whether it was highly relevant to addressing potential environment, health or safety hazards, substantially relevant, having some relevance, or was only marginally relevant. By collecting individual project budget data from publicly available sources, an estimate was made of funding levels for 2006. The assessment found 62 federally-funded projects that were highly relevant to understanding nanotechnology risk, with an estimated annual budget of $13 million.
In contrast, the federal government estimates $37.7 million was invested in highly relevant research in fiscal year 2006. According to PEN Chief Science Advisor Andrew Maynard, “It appears the U.S. is guilty of wishful thinking in its assessment of research that will lead to the development of safe nanotechnologies.
Draft legislation proposed by U.S. House of Representatives Science Committee Chair Bart Gordon (D-TN) would amend the NNI act to include a minimum 10 percent mandate for the nanotechnology federal research and development budget devoted to EHS research in the future, amounting to approximately $150 million annually.
Source: Project on Emerging Nanotechnologies
From the Egytex news archive, first published on 3 May 2008. Figures and names are as reported at the time.
