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March 29th, 2010
The United States "stands to surrender its global lead" in nanotechnology research, unless federal officials and lawmakers do more to encourage investment, a report delivered to President Barack Obama found.
Currently, the United States is at the front of the pack, bolstered by an 18 percent increase in public and private investments in nanotechnology between 2003 and 2008, according to the President's Council of Advisors on Science and Technology (PCAST), which released the report last week.
But countries like China and South Korea, as well as the European Union, are now posting strong gains in the nanotechnology field, researchers found. While the United States still holds more nanotechnology patents than any other country, China outpaced American researchers last year in its number of patent applications, according to the report.
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