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App-specific solutions challenge nanotech developers

Posted: 11 Aug 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Technical Insights? nanotechnology? XX? XX? XX?

Advancements in the nanotechnology industry promise to offer improvements in capabilities across a spectrum of applications, according to the latest report from Technical Insights. This is of immense strategic importance to the defense and security sector, which has historically leveraged technological advances.

"While nanotechnology offers solutions to a wide-ranging array of individual problems, matching application-level problems with nanotechnology solutions is going to be a significant challenge for nanotech developers," said Rahul Nayar, a research analyst at Technical Insights. "Nanotechnology is often seen as a set of solutions rather than a monolithic product or technology group."

According to the research firm, the key to success for nanotechnology firms is to develop optimal solutions that not only offer advantages in terms of improved performance or lower cost, but also cater to a specific and clearly defined application. Although its knowledge base stems from general, broad-stream technology development in a number of different areas, firms should implement nanotechnology on a case-by-case basis.

"By focusing on clear application-level problems that are relevant to their customers, nanotech firms give themselves a safe, solid first step, and an ideal launch pad," said Nayar. "It also allows them to prove their technology and to generate revenues to support ongoing development."

Nayar added that small nanotechnology start-ups offering high-tech solutions face funding challenges, especially when they clear the government-funded phases of technology development and are planning to commercialize the technology. "Such problems only emphasize the importance of cooperation and collaboration in the field of nanotechnology," Nayar said.

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