June 22, 2008
June 22, 2008
June 25, 2008
Entrepreneurship & Engineering Innovation
13.898.1 - 13.898.14
Mitigation of Barriers to Commercialization of Nanotechnology: An Overview of Two Successful University-Based Initiatives
Nanotechnology, being a platform technology, feeds its output into numerous industries, which use these inputs to improve their products. In this context, it would be appropriate to refer to BASF, whose slogan is “we do not create products, we make them better”. Consequently, any effort to commercialize this technology has to be supported by scientific and engineering research in conjunction with an innovative well-funded product development and marketing program involving all downstream industries that are going to utilize nanotechnology products. There is no doubt about the potential of nanotechnology to impact numerous facets of human life and society, and the incentive for expeditious commercialization of this technology is strong. However, considerations and factors, such as long time between nanotechnology research and development of commercial products, large capital investment needed for a viable commercial venture, and financial/operational risks associated with commercial applications of nanotechnology, have impeded rapid adoption of this technology in the commercial domain. Substantial government funding, and involvement of academic institutions and research laboratories, are viewed as an essential response to these barriers. It is critical for the U.S. nanotechnology industry to speed up the process of commercialization, if we are to maintain a competitive position in the global nanotechnology market. Two progressive institutions of higher learning, The Pennsylvania State University and The University at Albany in New York state, have made very significant contributions in the arena of nanotechnology commercialization. This has been accomplished through education/training programs for workforce development, and through partnerships with large and small industrial organizations for conducting R & D, and commercialization programs. In this presentation, the two leading consortia involving these universities, namely Albany Nanotech/ Tech Valley and Nanofab, are profiled as role models for other educational institutions seriously interested in nontechnology R & D and commercialization projects.
The term “nonotechnology” covers processes associated with the creation and utilization of structures in the 1 nanometer (nm) to 100 nm range. Nanofabrication involves engineering at the atomic length scale. Engineering at this scale makes it feasible to create, atom by atom, fibers which are very small in diameter but extremely strong. In the health care domain, extremely minute probes can detect disease by examining individual strands of DNA. Nanofabrication makes it possible to manufacture capillary systems for providing nutrients to man-made replacement organs.
The nanofabrication process has been used for creation of new chemical and biological substance detectors, which incorporate structures holding molecules that change their
Dhillon, H., & Qazi, S., & Anwar, S. (2008, June), Mitigation Of Barriers To Commercialization Of Nanotechnology: An Overview Of Two Successful University Based Initiatives Paper presented at 2008 Annual Conference & Exposition, Pittsburgh, Pennsylvania. https://peer.asee.org/3910
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