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All natural and living systems are governed by atomic and molecular behavior at the nanoscale. Research is now seeking systematic approaches to create revolutionary new products and technologies by control of matter at the same scale. Nanotechnology is expected to have a profound impact on our society. The vision, research and development strategy, and timeline of the nanotechnology initiative are presented by using several recent scientific discoveries , innovations and results from industry. This article demonstrates the implications of innovation for nanotechnology development. To deal with the innovation, a theory of nanotechnology development must come to terms with the developmental, organisational, and strategic dimensions of innovative resource allocation.
All natural and living systems are governed by atomic and molecular behavior at the nanoscale. Research is now seeking systematic approaches to create revolutionary new products and technologies by controlling of matter at the same scale. Nanotechnology is expected to have a profound impact on our society. The vision, research and development strategy, and timeline of the nanotechnology initiative are presented by using several recent scientific discoveries, innovations and results from industry. This article demonstrates the implications of innovation for nanotechnology development. To deal with the innovation, a theory of nanotechnology development must come to terms with the developmental, organization, and strategic dimensions of innovative resource allocation.