Innovation and New Product Development Case Study

Nanotechnology: New Vistas for US

OR

Abstract:
Nanotechnology, the science of small things, seems to have arrived to rule the world in a big way. It all started with Richard Feynman's thought of writing an encyclopaedia on a pinhead. The researchers are now aiming for something big: space elevators, nanorobs that can build copies of themselves, nanobots that can be swallowed to cure cancer and solar cells for using inexpensive energy. Nanoproducts, which are expected to create a $1 trillion market by 2015, is being hailed as the next industrial revolution.

Pedagogical Objectives:

• To understand the role of clusters in research and development of new technology and how the US is developing nanohubs
• To discuss the importance of venture capitalists and academia in the successful implementation of research and the benefits of successful development of this new technology to the US economy.

Keywords : Nanotechnology applications; National Science Foundation; National nanotechnology initiative; Innovation Management Case Study; Richard Feynman; Rice University; Zyvex; Nanohubs in US; Nanodefend and nanogreen; Venture capital; Government support; Lux Capital; NanoBusinessAlliance; Nanotechnology and government's role

Contents:

• Introduction
• Background
• Emerging Nano-Hubs and Government's Role
• Venture Capital
• Nanotechnology- Is the Dream Big?