2012 Global R&D Funding: —Chemicals, Materials | China is the new No 1, including big bet in nano

The U.S. has identified three signature initiatives as deserving increased R&D funding—nanotechnology for solar energy collection and conversion ($126 million in R&D funding in FY2012), sustainable nanomanufacturing ($84 million), and nanoelectronics for 2020 and beyond ($98 million).