Micro and nanotechnology commercialization: balance between exploration and exploitation

Erik Knol

Development and Comp Systems from University Library of Munich, Germany

Abstract: Innovative materials, components, and systems based on micro and nanotechnologies are recognized as promising growth innovators. The coming years the commercialization of micro and nanotechnology will be extended, but in order to commercialize micro and nanotechnology successfully, besides exploration a parallel focus should be aimed at exploitation. This paper presents in a brief and non-exhaustive manor a theoretical introduction and two company introductions related to exploitation and exploration focus embedded in the innovation development process to commercialize customer-oriented applications. A balanced approach between exploration and exploitation within organizations business, technological, and scientific domain could sharpen micro and nanotechnology companies into sustainable competitive market-driven enterprises.

JEL-codes: O P (search for similar items in EconPapers)
Pages: 5 pages
Date: 2005-01-03
New Economics Papers: this item is included in nep-ent and nep-ino
Note: Type of Document - pdf; pages: 5
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpdc:0501002

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