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To: Bilberry who wrote (1120)	7/1/1999 7:59:00 AM
From: Jim Oravetz	Read Replies (1) of 1305

Congress set to boost nano funding Top Technology Story: from EE Times By George Leopold EE Times (06/25/99, 5:33 p.m. EDT) WASHINGTON — Congress is poised to double federal spending for nanotechnology research over the next three years. Legislators who oversee government support for basic research appeared convinced at a hearing on the state of nanoscience this week that a bigger government role is needed to boost the emerging technology. Proponents said a larger U.S. investment in nanotechnology, which promises major advances in electronics, materials, biomedicine and national security, could spur private investment and commercialization. Rep. Nick Smith, R-Mich., chairman of the House Science Basic Science subcommittee, said the panel is gearing up to pursue more research funding for nanotechnology in the fiscal 2000 spending plan. Smith said the panel wants to devise a peer-review process to ensure that increased government funding is targeted for the most promising applications. U.S. spending for basic research has been in decline for several years, and both parties say they now want to increase it for targeted research programs like nanotechnology. Fiscal 1999 spending for nanotechnology research totals $232 million, which is spread among six federal agencies. A national initiative designed to significantly increase U.S. research efforts would roughly double the amount of federal spending through fiscal 2001. .... edtn.com Pretty forward looking stuff. Not sure how much of this money will end up at companies or the national labs. Nice to see "our" tax dollars at work on something recognizable as a asset. Jim

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