Nano Science and Technology Institute

President Bush Continues Federal Government’s Commitment to Fund Basic Research

On August 9th, President George W. Bush announced during a press conference that he planned to sign into law funding components that support the American Competitivess Initiative. “As part of this initiative, I asked Congress to expand America's investment in basic research, so we can support our nation's most creative minds as they explore new frontiers in nano-technology or supercomputing or alternative energy sources,” said President George W. Bush. From 2008 to 2010, the plan will provide more than $40 billion towards increasing innovation; this includes doubling the National Science Foundation’s (NSF) basic research budget in the physical sciences.

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