Despite’s Washington’s spending cuts, the cash flow is still running for nanotechnology. On August 9th, Congressman Chaka Fattah (D-PA) announced the award of $978,242 from the National Science Foundation for three research grants, two of which dealt with nanotechnology. The grants were awarded to the University of Pennsylvania and Drexel University, both in Philadelphia’s University City science district.

Congressman Fattah, a ranking Democrat on the House Appropriations Subcommittee on Commerce, Justice, Science, and related agencies, stated "[n]anotechnology will play a significant role in our nation’s manufacturing future, and nanotechnology research is a pathway to this technology transfer." "It is critical that we continue to allot public dollars from the National Science Foundation and other federal agencies for this advanced research so our private sector can develop the products and processes of tomorrow . . . We lead the world, but we’re in global competition with nations from Asia, Europe and the Middle East where nanotech is racing ahead. This is the kind of research and development that will keep us number one in the global economy,” the Congressman continued.

University of Pennsylvania received two grants: a $400,000 grant for a project entitled "MRI: Acquisition of Precision Wafer Aligner and Bonder for Research, Education, and Training in 3-D Micro and Nano-Mechanical, Electrical and Optical Systems" and a $378,842 grant for a project entitled "NeTS: Small: Exploring the Challenges of Network Migration - An IPv6 Case Study and its Consequences." Drexel University received a $199,400 grant for a project named "NUE: Nanomanufacturing for Energy and Biomedical Engineering."