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Nanotechnology in Greece: From research to commercialization

Papadopoulos Kyparisis

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Summary

Innovations in nanotechnology are making a revolution in manufacturing and production, creating new materials and products through novel processes for commercial applications. New products based on nanotechnology, with novel characteristics are continued to grow and benefit the society. Nanotechnology holds great promise and is hyped by many as the next industrial evolution. Medicine, food, cosmetics, agriculture, environmental health, and technology industries already profit from nanotechnology innovations and their influence is expected to increase drastically in the near future.Technology transfer from universities and investment decisions are major forces in how nanotechnology develops, and this is dependent on the support from Government, academia, private investors, and companies. Several commercialization strategies seem suitable: patenting, licensing, equity investment, spin off companies, strategic alliances, and private consortium or cluster alliance.In Greece, many agencies, mainly groups of universities and research centers, are active in nanotechnology. In addition, the advantages of exploiting research results are beginning to be recognized. For example, academic entrepreneurship is strengthened through a multitude of government funding initiatives, supporting mechanisms (such as technology parks, incubators, etc.) with the aim of promoting innovation, enhancing economic development.However, there are also many challenges that need to be overcome to bring a nanotechnological product or business to the market. Even the most impressive scientific achievements can become a commercial failure due to a lack of understanding of, and the absence of a strategy relating to, the legal and regulatory issues surrounding the commercialization of a technology.This thesis will try to explore the factors influencing the transfer and utilization of research results by universities and research centers, aiming to identify optimal conditions for this process. Moreover, the innovation model in a country like Greece is investigated, which has limited experience in academic entrepreneurship, and it is examined if a framework for successful nanotechnology management is established. Additionally, the level of academic research in nanotechnology is assessed and the effectiveness of transferring research results to industry is studied. Overall, this research aims to contribute to improving innovation management and increase the success rate of nanotechnology inventions.

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