Governments, corporations, and private investors (venture capitalists) invested $18.1 billion in nanotechnology in 2014, increasing their spending 1.2% relative to updated 2012 figures. The U.S. contributed 33% of this amount. Corporations expanded spending by 3.5% over 2012 while private investors reduced their investments by 45%. Government spending remained consistent over this time period. The United States maintained its lead over all the other governments, with $1.67 billion of federal and state funding in 2014. U.S. corporations also lead global spending on nanotechnology R&D, investing $4.0 billion in 2014, which was approximately $1.5 billion more than the next country, Japan. The revenue from nano-enabled products has continued to grow from $850 billion in 2012 to $1.6 trillion in 2014, an increase of 90%.
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