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Lux Research Releases 'The Nanotech Report 2004' Key Findings |
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More than $8.6 billion will be spent on nanotechnology research and development in 2004
NEW YORK, Aug. 16, 2004- Lux Research, the leading research and advisory firm focused on nanotechnology, today announced the release of key findings from The Nanotech Report 2004, a more than 600-page reference study. The findings are part of the report's 24-page introduction that can be accessed at no charge from: http://www.luxresearchinc.com/tnr2004
Partial list of The Nanotech Report 2004's key findings:
* Governments, corporations and venture capitalists will spend more than $8.6 billion worldwide on nanotechnology research and development in 2004.
* National and local governments across the world will invest more than $4.6 billion in nanotechnology R&D in 2004. We expect 2004 will be the last year that governments outspend corporations on nanotechnology as activity shifts from basic research to applications development.
* The U.S. government will spend nearly twice as much on nanotechnology this year as it did on the Human Genome Project (HGP) in its peak year. In 2005, the National Nanotechnology Initiative will surpass the HGP on a cumulative basis. The U.S. has now appropriated more than $3.16 billion to fund nanotechnology R&D since 2000 and is proposing $982 million in new funding for FY 2005.
* Established corporations will spend more than $3.8 billion globally on nanotechnology R&D in 2004.
* There is no bubble in nanotech venture capital funding, despite widespread reports to the contrary. VC firms invested just $79 million into nanotechnology companies in the first half of 2004, down from annual totals of $325 million in 2003 and $386 million in 2002. Based upon current fundraising activity, we expect VC investment to total approximately $200 million in 2004.
* Approximately 1,500 total companies worldwide have announced nanotechnology R&D plans. Eighty percent of them -- approximately 1,200 -- are start-ups, 670 of which are in the U.S.
* Media coverage of nanotechnology -- both positive and negative -- is increasingly exponentially. Mentions of the word "nanotechnology" in the popular press rose from 190 in 1995 to 7,316 in 2003; we predict more than 12,000 mentions in 2004.
According to Matthew Nordan, Vice President of Research at Lux Research, "The biggest shift we've seen in the last year is nanotechnology moving out of the lab and onto the production line. Nanotech startups are beginning to make money, with revenue ranges between $10 million to $20 million for those at the top of the ranks. They're partnering with established corporations to develop products in a pattern similar to biotech: Ten of the 30 corporations in the Dow Jones Industrial Average have announced nanotech partnerships."
"Like electricity and the Internet, nanotechnology is a general-purpose technology revolutionizing multiple industries," says Draper Fisher Jurvetson Managing Director Steve Jurvetson. "The Nanotech Report 2004 identifies much of nanotechnology's direct effects and its derivative impact."
The Nanotech Report 2004 is the premier research guide for nanotechnology. The TNR 2004 profiles more than 1,000 companies and features new investment frameworks and strategies, company and academic profiles, patent licensing opportunities and trends, competitive data, interviews with Nobel laureates and industry experts, profiles of the most influential players in nanotechnology, and a technical primer. The report can be purchased by emailing sales@luxresearchinc.com. For more information on The Nanotech Report 2004, visit http://www.luxresearchinc.com/tnr2004
About Lux Research
Lux Research is the world's premier research and advisory firm focusing on the business and economic impact of nanotechnology and related emerging technologies. Lux Research provides continuous advisory services, customized studies, and consulting to large corporations, start-ups, the government and financial institutions. Our founders and our research staff are the most widely recognized nanotechnology visionaries throughout the world. Visit http://www.luxresearchinc.com for more information.
The Nanotech Report(TM) is a trademark of Lux Research, Inc.
(source: PRNewswire)
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