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Creating spin-out companies is one matter, growing them is another challenge altogether. It is growing indigenous companies that creates dynamism in the economy and stimulates activity leading to cluster creation. Wales performs badly in this regard, with very few knowledge based companies formed in Wales growing at pace. There appears to be a number of reasons for this.

Firstly, management skills and acumen seems lacking. In fairness these skills are rare and highly valued in the global market place. Successful managers of knowledge business with a proven track record can name their own price in the ‘transfer market’. However, which of Wales’ or for that matter the UK’s business schools developing these skills? There is a big potential role for the Business Schools of Wales to play in developing the business leaders that a sustainable knowledge cluster will need. It could be argued that the Business Schools are overwhelmingly focussed on the traditional, and institutionally profitable, MBA delivery rather than on developing specialist programmes that are of direct local impact.

Appetite for risk is another issue of direct relevance and importance. Public sector organisations, are traditionally risk averse and the default situation of comfort is often one where do nothing option is seen as the safe option. Indeed the HE funding councils could themselves be accused of adopting a prudent ‘safety first’ approach to initiatives that touch on economic development issues.

Measuring value creation is of great importance and identifying the KPIs that truly reflect the development of value is another aspect that could benefit from review. Too often, traditional metrics are meaningless. The counting of patents generated is a classic example, for patents in their own right have no value until the ideas embedded in them are introduced to the market. Again, Wales has historically boasted an excellent rate of patent generation but no one has followed and reported on the generation of value under the cover of those patents.

Perspectives from the study underpinning this are described below.

Science in growth sector

  • As shown in the KTN questionnaire enterprises across the sector are growing rapidly. Considered against Moore’s Life-Cycle Model (2005), the individual sectors considered all offer significant growth and employment opportunities.

Access to markets

  • Observations from the KTN questionnaire demonstrate a broad coverage of international markets by companies operating in the sector. This links in with the consideration by Davis and Weinstein 1999 highlighting the importance of such market access in being a key contributor to growth.

Strategic governmental support

  • The role of government in supporting through investments and provision of facilities is highlighted in the KTN questionnaire. However it is also clear that the “facilitator” role should be considered more so when it comes to the management of business and creation of value. This is echoed by the observations of “Political Supporters”, “Institutional Facilitators”, and “Coalface Researchers” in the stakeholders’ interviews.

Questions & Answers

What fields keep nano created devices from performing or assimulating ? Magnetic fields ? Are do they assimilate ?
Stoney Reply
why we need to study biomolecules, molecular biology in nanotechnology?
Adin Reply
yes I'm doing my masters in nanotechnology, we are being studying all these domains as well..
what school?
biomolecules are e building blocks of every organics and inorganic materials.
anyone know any internet site where one can find nanotechnology papers?
Damian Reply
sciencedirect big data base
Introduction about quantum dots in nanotechnology
Praveena Reply
what does nano mean?
Anassong Reply
nano basically means 10^(-9). nanometer is a unit to measure length.
do you think it's worthwhile in the long term to study the effects and possibilities of nanotechnology on viral treatment?
Damian Reply
absolutely yes
how to know photocatalytic properties of tio2 nanoparticles...what to do now
Akash Reply
it is a goid question and i want to know the answer as well
characteristics of micro business
for teaching engĺish at school how nano technology help us
Do somebody tell me a best nano engineering book for beginners?
s. Reply
there is no specific books for beginners but there is book called principle of nanotechnology
what is fullerene does it is used to make bukky balls
Devang Reply
are you nano engineer ?
fullerene is a bucky ball aka Carbon 60 molecule. It was name by the architect Fuller. He design the geodesic dome. it resembles a soccer ball.
what is the actual application of fullerenes nowadays?
That is a great question Damian. best way to answer that question is to Google it. there are hundreds of applications for buck minister fullerenes, from medical to aerospace. you can also find plenty of research papers that will give you great detail on the potential applications of fullerenes.
what is the Synthesis, properties,and applications of carbon nano chemistry
Abhijith Reply
Mostly, they use nano carbon for electronics and for materials to be strengthened.
is Bucky paper clear?
carbon nanotubes has various application in fuel cells membrane, current research on cancer drug,and in electronics MEMS and NEMS etc
so some one know about replacing silicon atom with phosphorous in semiconductors device?
s. Reply
Yeah, it is a pain to say the least. You basically have to heat the substarte up to around 1000 degrees celcius then pass phosphene gas over top of it, which is explosive and toxic by the way, under very low pressure.
Do you know which machine is used to that process?
how to fabricate graphene ink ?
for screen printed electrodes ?
What is lattice structure?
s. Reply
of graphene you mean?
or in general
in general
Graphene has a hexagonal structure
On having this app for quite a bit time, Haven't realised there's a chat room in it.
what is biological synthesis of nanoparticles
Sanket Reply
what's the easiest and fastest way to the synthesize AgNP?
Damian Reply
how did you get the value of 2000N.What calculations are needed to arrive at it
Smarajit Reply
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Source:  OpenStax, A study of how a region can lever participation in a global network to accelerate the development of a sustainable technology cluster. OpenStax CNX. Apr 19, 2012 Download for free at http://cnx.org/content/col11417/1.2
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