Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Military Nanotech Spending Proves Difficult to Tap

Abstract:
U.S. Department of Defense has funded $195 million in small business nanotech grants since 2002, but only 6% made it past a first phase

Military Nanotech Spending Proves Difficult to Tap

Lux Research

New York, NY | Posted on February 27, 2006

With threats to the U.S. increasingly coming from terrorist organizations, rogue nations, and insurgencies, the military is driving a major effort to improve its capabilities – making it one of the best prospective buyers for applications of nanotechnology. But companies large and small that supply these nanotech solutions are failing to exploit the military market effectively because of mismatched development strategies, according to a new report from Lux Research entitled “Setting Supplier Strategies for Military Nanotech Applications.”

“Despite military and defense buyers’ deep pockets, diverse needs, and risk-friendly profile, many perils make selling to these clients tough going,” said Lux Research Senior Analyst Mark Bünger, author of the report. “When we examined the fate of suppliers that applied for the 809 small business grants from the Department of Defense, we found that long lead times, IP issues, and an inability to scale up make success hard to achieve.”

To assess military nanotech opportunities for commercial organizations, Lux Research identified 809 Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants totaling $195 million that were issued by the Department of Defense for nanotechnology applications. The grants were categorized in seven application domains: propellants and explosives, biomedical, sensors, electronics, power, structural materials and surfaces, and coatings and filters. In addition, Lux Research constructed an evaluation tool to assess 46 applications across the seven domains on price/performance, military priority, and commercial potential. Among the report’s highlights:

  • Nanotech applications in electronics, power, surfaces, coatings, and filters are good candidates for military and commercial co-development. They both meet high-priority military challenges and address large, near-term commercial markets.
  • Biomedical applications have stronger commercial opportunities then military ones, though military demand in many cases offer support for early-stage development.
  • Sensor and structural materials applications are unlikely to break out of a military niche – because military buyers value their performance enhancements enough to support higher costs, where most commercial entities do not.
  • Propellants and explosives applications fall by the wayside, lacking major commercial interest and ranking relatively low on military priority.

Suppliers of nanotechnology-driven solutions will need new approaches to make the military and defense market work for them. “Today, small suppliers seek SBIR grants for narrowly-defined components of larger systems that the military needs, and small and large suppliers both turn to systems integrators to incorporate their inventions into complete solutions,” said Bünger. “Suppliers should recognize the inherent risks in both paths and take appropriate steps to mitigate them – by focusing on commercial co-development early and avoiding over-reliance on military sources of revenue.”

“Setting Supplier Strategies for Military Nanotech Applications” contains analysis of a comprehensive set of Department of Defense SBIR and STTR grants from 1988 by sector, grant phase, and deal size. It also presents data from interviews with 17 government officials, start-ups, and large corporations working with the Department of Defense. The report and its underlying data set are available immediately to clients of Lux Research’s Nanotechnology Strategies advisory service. For information on how to become a client, contact Rob Burns, Vice President of Sales, at (646) 723-0708.

####

About Lux Research:
Lux Research is the world’s leading nanotechnology research and advisory firm. We help our clients make better decisions to profit from nanoscale science and technology, tapping into our analysts’ unique expertise and unrivaled network. Our clients include top decision makers at large corporations, portfolio managers and analysts at leading financial institutions, CEOs of the most innovative start-ups, and visionary public policy makers.

For more information, please click here.

Contact:
Lux Research Inc.
Peter Hebert
646-723-0702
peter.hebert@luxresearchinc.com

Copyright © Lux Research

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events July 28th, 2015

Harris & Harris Group Portfolio Company, Bridgelux, Enters into Agreement to be Acquired by an Investment Group July 22nd, 2015

Harris & Harris Group Portfolio Company, OpGen, Gains $6 Million Investment From Merck GHI in Addition to New Acquisition July 16th, 2015

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Nanomedicine

Heating and cooling with light leads to ultrafast DNA diagnostics July 31st, 2015

European Technology Platform for Nanomedicine and ENATRANS European Consortium Launch the 2nd edition of the Nanomedicine Award: The Award to be presented at BIO-Europe conference in Munich, November 2015 July 30th, 2015

Take a trip through the brain July 30th, 2015

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Sensors

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

Non-Enzyme Sensor Determines Level of Blood Sugar July 29th, 2015

American Chemical Society expands reach to include rapidly emerging area of sensor science July 25th, 2015

UT Dallas nanotechnology research leads to super-elastic conducting fibers July 24th, 2015

Materials/Metamaterials

Nanofiltration Membrane Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nanozirconia Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Self-Healing Nano Anti-rust Coatings Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Nanocellulose Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Announcements

The National Space Society Pays Tribute to Dr. Kalam -- One Of Our Leading Lights Has Joined The Stars August 1st, 2015

Nanocellulose Market 2015 - Global Industry Survey, Analysis, Size, Share, Outlook and Forecast to 2020 July 31st, 2015

Heating and cooling with light leads to ultrafast DNA diagnostics July 31st, 2015

Theoretical Physicists at Freie Universität Berlin Develop New Insights into Interface between Classical and Quantum Worlds July 31st, 2015

Military

Take a trip through the brain July 30th, 2015

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Smart hydrogel coating creates 'stick-slip' control of capillary action July 27th, 2015

Researchers predict material with record-setting melting point July 27th, 2015

Energy

Springer and Tsinghua University Press present the second Nano Research Award: Paul Alivisatos of the University of California Berkeley receives the honor for outstanding contributions in nanoscience July 30th, 2015

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

March 2016; 6th Int'l Conference on Nanostructures in Iran July 29th, 2015

Reshaping the solar spectrum to turn light to electricity: UC Riverside researchers find a way to use the infrared region of the sun's spectrum to make solar cells more efficient July 27th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project