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Barriers To The Diffusion Of Nanotechnology

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  • Barry Bozeman
  • John Hardin
  • Albert Link

Abstract

This paper provides the first empirical information about barriers related to the diffusion of nanotechnology, a general purpose technology. Our analysis is based on the findings from a state-wide survey of companies in North Carolina, USA. We find that the primary barrier is lack of access to early-stage capital, and the extent of this barrier is greater when the company contributes to the value chain for nanotechnology through R&D as opposed to through products or services. Another barrier is lack of access to university equipment and facilities, a problem greater in companies involved in nanotechnology research. From a policy perspective, our analysis suggests that state governments could act as venture capitalists to overcome market failure in the capital market, and that states could provide incentives to universities through public/private centers of excellence for sharing capital equipment and facilities with nanotechnology companies.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 17 (2008)
Issue (Month): 7-8 ()
Pages: 749-761

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Handle: RePEc:taf:ecinnt:v:17:y:2008:i:7-8:p:749-761

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Related research

Keywords: Nanotechnology; Innovation and University Partnerships;

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Cited by:
  1. Dennis Leyden & Albert Link, 2013. "Knowledge spillovers, collective entrepreneurship, and economic growth: the role of universities," Small Business Economics, Springer, vol. 41(4), pages 797-817, December.
  2. Leyden, Dennis & Link, Albert N., 2012. "Knowledge Spillovers, Collective Entrepreneurship, & Economic Growth: The Role of Universities," Working Papers 12-8, University of North Carolina at Greensboro, Department of Economics.
  3. Audretsch, David B. & Leyden, Dennis P. & Link, Albert N., 2012. "Universities as Research Partners in Publicly Supported Entrepreneurial Firms," Working Papers 12-2, University of North Carolina at Greensboro, Department of Economics.
  4. Link, Al & Wessner, Charles, 2010. "Universities as Research Partners: Entrepreneurial Explorations and Exploitations," Working Papers 10-12, University of North Carolina at Greensboro, Department of Economics.
  5. Gruère, Guillaume & Narrod, Clare & Abbott, Linda, 2011. "Agricultural, food, and water nanotechnologies for the poor: Opportunities, constraints, and role of the Consultative Group on International Agricultural Research," IFPRI discussion papers 1064, International Food Policy Research Institute (IFPRI).

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