Nanotechnology Innovations and Commercialization-Opportunities, Challenges & Reasons for Delay

Abstract

Innovations in nanotechnology are making a revolution in manufacturing and production, creating new materials and products through novel processes for commercial applications. New products based on nanotechnology with novel characteristics are continued to grow and benefit the society. Being general purpose technology, nanotechnology is expected to support all fields of the society, but some fields like medicine, energy, environmental remediation, robotics, manufacturing, commerce, and space exploration are expected to undergo explosive developments. In this paper, we made a detailed analysis of advantages, benefits, constraints, and disadvantages of progress in nanotechnology for the society and discussed the reason for the failure of estimated timeline for realizing various generations of progress and proposed a modified timeframe for anticipated nanotechnology innovations. Based on the business perspective, we have developed a nanotechnology products/services commercialization model and discussed the opportunities for nanotechnology commercialization. The paper also contains a detailed analysis of common commercialization challenges faced by nanotechnology firms including time lag, valley of death, lack of infrastructure, lack of standard for evaluation, bureaucratic delays, dearth of funding, and lack of trained professionals, brand image, and public support. Finally, we have mentioned how the various corporate business strategies can be used in the successful business of nanotechnology products and services.Index Terms: Commercialisations of nanotech products, Challenges in commercialization of new products, Nanotechnology commercialization model.

Nano-Inclusions Applied in Cement-Matrix Composites: A Review

“…Nevertheless, it is a fact that laboratory work at the molecular level is a costly activity and the companies from the cement and construction sectors usually work with limited budgets. Expensive microscopes are needed to examine nanostructures, high technology is required to synthetise high purity graphene and CNTs [ 220 ], and an extra effort is also necessary to disperse these nanoinclusions uniformly within the cement matrix. Consequently, both the commercial nanoinclusions currently available and the products made of them are still limited [ 221 ].…”

Implementation Strategies of Higher Education Part of National Education Policy 2020 of India towards Achieving its Objectives

“…The course contents of these online programmes should be upgraded by using artificial intelligence, simulation, and virtual reality technologies. (21) Research funding in universal technologies like twelve ICCT underlying technologies [49][50][51][52][53] and nanotechnology [68][69][70][71][72][73][74][75][76] should be prioritized due to the reason that they are capable to solve basic problems, advanced comfortable problems, and dreamy desire problems of society [77].…”

Implementation Strategies of Higher Education Part of National Education Policy 2020 of India towards Achieving its Objectives

“…(21) Research funding in universal technologies like twelve ICCT underlying technologies [49][50][51][52][53] and nanotechnology [68][69][70][71][72][73][74][75][76] should be prioritized due to the reason that they are capable to solve basic problems, advanced comfortable problems, and dreamy desire problems of society [77]. (22) As mentioned in the policy and its interpretation [65][66][67], higher education should have three blended components as classroom-based teaching-learning part, SWAYAM based online subjects part, and other subjects from any online-distance education institutions or universities.…”