The most recent estimate from the U.S. National Nanotechnology Initiative (NNI) puts nanotechnology risk research investment at $68 million for 2006 (the only year complete figures are currently available for—apparently). Yet theProject on Emerging Nanotechnologies (PEN) has just completed its own assessment—and could only find $13 million associated with research projects primarily focused on addressing nanotechnology risk in the same year. What gives—are the feds indulging in a bit of creative accounting; or have PEN forgotten the basic rules of arithmetic?
Let’s be honest, I’m not a great fan of bean-counting. Evaluating research in terms of dollars invested (or Pounds or Euros) is a crude tool at the best of times. But when it comes to assessing investments and returns, the fact is that bottom-line figures count. Read the rest of this entry »