Material Sciences / Nanotechnology
The materials science and nanotechnology markets support R&D efforts at many agencies, whether they are fund work here or not. The nanotechnology market has often been referred to as a horizontal market, as developments may have multi-industry application, and not just a single vertical market benefit. The atomic engineering field is often defined as research at 100 microns or less, or the width of one human hair.
Nanotechnology growth and funding has expanded in the Federal marketplace, supported by the National Nanotechnology Initiative (NNI) which provides funding for Nanotechnology research. The proposed 2010 NNI budget is $1.6 Billion with almost $1.8 Billion proposed for 2011. Nanotechnology helps extend R&D to commercial applications and is projected to be a $2.5 trillion dollar industry by 2015 creating a vast number of new jobs. Nanotechnology is primarily funded through DOD, NSF, NIH, DOE and NIST and 9 other agencies at minor levels. Green Tape, through the provision of our proven life-cycle business process outsourcing (BPO) services and products can support your materials science and nanotechnology business, from start-up inception to program close-out. We have worked with a materials science client in the past, prior to starting Green Tape.
The nanotechnology market is exploding. Some research reports estimate a $1 trillion dollar world market by 2011. The increase in demand for nanoscale materials, tools and devices for engineering and medical applications is considerable. Major commercial markets include health/life sciences, electronics, IT, communications and consumer goods. VCs and corporate venturing have significantly increased investments. The U.S. nanotechnology market is considerable but the Asian markets are growing the fastest. The nanotechnology growth rates are based on investment in nanotechnology, by Governments and the U.S. and international private sector.
Horizontal-market nanotech developments may improve commercial markets across the world. Major related commercial market applications include; aerospace, health and wellness, medicine, diagnostics, drug delivery, cell and tissue engineering, chemistry, filtration, clean energy, information technology, communications, displays, heavy and light-industry, construction, transportation, consumer goods and more.