PCAST report says U.S. leads in nanotech R&D.(President Council of Advisors on Science and Technology)(United States)(Research and Development)

WASHINGTON, DC -- The President's Council of Advisors on Science and Technology (PCAST) has released its first assessment of the U.S. government's nanotechnology research efforts in a new report, The National Nanotechnology Initiative at Five Years: Assessment and Recommendations of the National Nanotechnology Advisory Panel. Among its findings, PCAST says the United States is the acknowledged leader in nanotechnology research and development and that the $1 billion the U.S. government will spend on nanotechnology R&D this fiscal year is roughly one-quarter of the current global investment by all nations.

Total annual U.S. R&D spending (federal, state, and private) …