Posted: July 29, 2008 |
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(Nanowerk News) Russia has allocated $4 billion to nanotechnology research over the next four years, the general director of the Russian Rosnanotech state corporation said Tuesday.
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"The nanotechnology initiative was announced in Russia in 2007 and it envisions financing in two directions: research in the sphere of nanotechnology, coordinated by the Kurchatov institute; and commercialization of nanotechnology projects, which the Rosnanotech corporation is responsible for," Leonid Melamed said.
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He added that another $1 billion was to be spent outfitting scientific labs with modern equipment, and that the corporation's total budget was about $5.5 billion.
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Clayton Teague, who heads the U.S. National Nanotechnology Coordination Office, earlier said at a meeting with the management of Rosnanotech in Washington that each year the United States allocated an average of $1.5 billion in federal funds to nanotech projects.
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