The Challenges and Issues with Nanotechnology at the Product Development
Journal of Intellectual Property Association of Japan Vol.5 No.2 p.65-71（2008-11-20）
Many experts predict nanotechnology-related businesses to become one of the leading new industries in Japan. There are several reasons as to why nanotechnology is attracting such attention in Japan. For one, nanotechnology is a fundamental technology and as such has a big influence on the existing industry and society. Furthermore, in the fields of fundamental nanotechnology research, Japan is seen as having an international comparative advantage.
In this paper, to examine the challenges and issues of nanotechnology commercialization in detail, I classify the process for commercialization into three stages: basic research stage, product development stage and commercialization stage. The challenges and issues at the product development stage of nanotechnology are discussed based on a questionnaire survey with nanotechnology businesses. This paper reveals that “funding”, “external collaboration”, and “extracting visions and conceptualizing market needs” are the main challenges at the product development stage of nanotechnology business.
Finally, I conclude the paper with policy recommendations regarding the commercialization of nanotechnology, especially in terms of “funding” and “external collaboration”.
Nanotechnology, Commercialization, Product Development Stage, Financing, External Cooperation, Extracting Visions, Conceptualizing Market Needs