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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.

Suggested Citation

  • Barry Bozeman & John Hardin & Albert Link, 2008. "Barriers To The Diffusion Of Nanotechnology," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(7-8), pages 749-761.
    • Handle: RePEc:taf:ecinnt:v:17:y:2008:i:7-8:p:749-761
    DOI: 10.1080/10438590701785819
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    References listed on IDEAS

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    1. Jovanovic, Boyan & Rousseau, Peter L., 2005. "General Purpose Technologies," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 18, pages 1181-1224, Elsevier.
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    Cited by:

    1. David B. Audretsch & Dennis P. Leyden & Albert N. Link, 2013. "Universities as research partners in publicly supported entrepreneurial firms," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 12, pages 175-192, Edward Elgar Publishing.
    2. David P. Leech & John T. Scott, 2017. "Nanotechnology documentary standards," The Journal of Technology Transfer, Springer, vol. 42(1), pages 78-97, February.
    3. Daniel Coronado & Esther Flores & M. Ángeles Martínez, 2017. "The role of regional economic specialization in the production of university-owned patents," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 59(2), pages 513-533, September.
    4. David B. Audretsch & Albert N. Link, 2019. "Embracing an entrepreneurial ecosystem: an analysis of the governance of research joint ventures," Small Business Economics, Springer, vol. 52(2), pages 429-436, February.
    5. Leyden, Dennis & Link, Albert N., 2012. "Knowledge Spillovers, Collective Entrepreneurship, & Economic Growth: The Role of Universities," UNCG Economics Working Papers 12-8, University of North Carolina at Greensboro, Department of Economics.
    6. Iritié, B. G. Jean Jacques, 2017. "Innovation clusters effects on adoption of a general purpose technology under uncertainty," EconStor Preprints 180668, ZBW - Leibniz Information Centre for Economics.
    7. Daniel Smith & Maryann Feldman & Gary Anderson, 2018. "The longer term effects of federal subsidies on firm survival: evidence from the advanced technology program," The Journal of Technology Transfer, Springer, vol. 43(3), pages 593-614, June.
    8. 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.
    9. 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).
    10. Dennis Patrick Leyden, 2016. "Universities as partners in research joint ventures," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 449-462, December.
    11. David B. Audretsch & Dennis P. Leyden & Albert N. Link, 2013. "Regional Appropriation of University-Based Knowledge and Technology for Economic Development," Economic Development Quarterly, , vol. 27(1), pages 56-61, February.
    12. Link, Al & Wessner, Charles, 2010. "Universities as Research Partners: Entrepreneurial Explorations and Exploitations," UNCG Economics Working Papers 10-12, University of North Carolina at Greensboro, Department of Economics.

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