Title: Model for the successful commercialisation of nanotechnology: a case study from the UK

Authors: Qazi Muhammad Moinuddin Abro, Pir Irfanullah Shah Rashdi, Arabella Bhutto

Addresses: Mehran University-Institute of Science and Technology Development (MU-ISTD), Mehran University of Engineering and Technology, Bungalow Number A-8, Sindh University Colony, Jamshoro Sindh 76062, Pakistan. ' Mehran University-Institute of Science and Technology Development (MU-ISTD), Mehran University of Engineering and Technology, Bungalow Number A-8, Sindh University Colony, Jamshoro Sindh 76062, Pakistan. ' Mehran University-Institute of Science and Technology Development (MU-ISTD), Mehran University of Engineering and Technology, Bungalow Number A-8, Sindh University Colony, Jamshoro Sindh 76062, Pakistan

Abstract: Nanotechnology is regarded as a new technology, which will affect several aspects of our lives in the coming years (Abro et al., 2009). Nanotechnology is an area where firms can experience difficulty in examining their technological options, because of many reasons (Libaers et al., 2006). Nanotechnology comprises those fields of technology that help to study, observe or manipulate structures at the nanoscale as well as objects or projects whose novel properties derive from their nano-metre-scale. In the discussion of nanotechnology, there is not much written on the commercialisation of nanotechnology; however, there are few studies available on the commercialisation of disruptive technologies. In this situation, a full understanding of the commercialisation and its influential factors is of great significance in terms of theoretical, managerial and policy implications. Therefore, this paper aims to demonstrate the factors which may probably affect commercialisation success. A questionnaire based survey was carried out with nanotechnology organisations in the UK, and regression analysis is used to develop a model for the successful commercialisation of nanotechnology in the UK.

Keywords: nanotechnology commercialisation; United Kingdom; UK; new technology; technological options; nanostructure; nanoscale; novel properties; disruptive technologies; regression analysis; technology commercialisation; business models.

DOI: 10.1504/IJBIR.2010.035716

International Journal of Business Innovation and Research, 2010 Vol.4 No.6, pp.614 - 625

Published online: 03 Oct 2010 *

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