Commercial evolution of nanotechnology

Abstract

Scientific & technological advancement is the primary factor to achieving sustainable economic growth. History has shown that breakthroughs in science that are rapidly commercialized shape the socio-economic landscape and are of immense importance to prosperity for businesses, governments, and industries. As the economy becomes even more global and competition increases, the ability to forecast the evolution of technology becomes more critical if businesses and countries are to remain competitive. Nanotechnology is a revolutionary science that will contribute to the economic prosperity of the businesses who commercialize the technology early. This paper briefly reviews the commercialization of nanotechnology.