BOSTON--(BUSINESS WIRE)--In terms of sheer volume, The U.S. dominated the rest of the world in nanotech funding and new patents last year, as U.S. government funding, corporate spending, and VC investment in nanotech collectively reached $6.4 billion in 2009. But according to a new report from Lux Research, countries such as China and Russia launched new challenges to U.S. dominance in 2009, while smaller players such as Japan, Germany and South Korea surpassed the United States in terms of commercializing nanotechnology and products.
The report, titled “Ranking the Nations on Nanotech: Hidden Havens and False Threats,” compares nanotech innovation and technology development in 19 countries in order to provide government policymakers, corporate leaders and investors a detailed map of the nanotech’s international development landscape. Overall, the report found global investment in nanotech held steady through the recent financial crisis, drawing $17.6 billion from governments, corporations and investors in 2009, a 1% increase over 2008’s $17.5 billion. Only venture capitalists dialed back their support, cutting investments by 43% relative to 2008.
“Part of what motivated our research was the emerging possibility that ambitious new government funding in Russia and China represented a threat to U.S. dominance in nanotech innovation,” said David Hwang, an Analyst at Lux Research, and the report’s lead author. “But while the field certainly gained momentum in both countries as a result of the increased funding, both countries have economic and intellectual property protection issues that prevent them from being real threats just yet.”
To uncover the most fertile environments for technology developers, buyers, and investors, Lux Research mapped the nanotech ecosystems of select nations, building on earlier reports published from 2005 through 2008. In addition to tracking fundamentals, such as the number of nanotech publications and patents issued, the report also inventoried direct and indirect spending on nanotech from government, corporate and venture sources. Among its key observations:
“Ranking the Nations on Nanotech: Hidden Havens and False Threats,” is part of the Lux Nanomaterials Intelligence service. Clients subscribing to this service receive ongoing research on market and technology trends, continuous technology scouting reports and proprietary data points in the weekly Lux Research Nanomaterials Journal, and on-demand inquiry with Lux Research analysts.
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