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In essence, for a region and cluster to prosper and maximise impacts of its resources it cannot swim against the tide and must harness opportunities to reinvent enterprises operating in declining sectors and support new firms in emerging sectors. A region must have and intelligent, patient and informed funding infrastructure. So often early stage funding is either absent or very difficult to access. The concept of building value in ideas or enterprises is little understood and hardly ever taught to Science, Technology, Engineering and Maths (STEM) students (Abbey and Lane 2005). This establishes a chasm between the entrepreneur and the source of finance one failing to understand why the financier cannot see how brilliant the idea is and other failing to explain to the inventor why a return on investment has to be calculated and convincingly articulated. The key performance indicators, kpi’s used must be meaningful, so often for example patents filed are used as a metric when all practitioners know that the majority of patents lead to no value and represent a major financial burden. The interplay between economic benefit and the technical knowledge generators is key and must interface using the language of value generated.


Above we described the models of planned versus spontaneous clusters and how a common factor in successful regions is the good governance that facilitates rather than micromanages development. This chimes with supporting the ethos of collaborative, open global and multidisciplinary working, embedding a culture described above. Governance is key to agenda. It is the governance process that sets, protects, sustains and refreshes the vision, mission and core values. It the governance that defines the kpi’s and monitors progress against plan holding the executive to account. More importantly still it is the governance that allows the executive to deliver, protecting it form the ‘short-termism’ an influence so often embedded in the political system due to the priorities imposed by the need to be re-elected. Good governance facilitates partnership and collaboration and mitigates against vision drift.


The generation and development of new knowledge and opportunities is vital to spawn new enterprise through commercialization of academic output, attraction of inward investment and retention of talent. As will be discussed in the next chapter the increasing complexity of science and innovation requires greater multidisciplinary working often requiring collaboration on a global scale. Drilling down into any opportunity in emerging technologies demonstrates a convergence of scientific and technological disciplines, and commercial acumen. There is a need for pockets of ‘world class’ science within the cluster, but also a need to recognise limitations, identify weaknesses and to be prepared to work with others in open, collaborative, multidisciplinary and global partnership.


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Questions & Answers

where we get a research paper on Nano chemistry....?
Maira Reply
what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
Application of nanotechnology in medicine
what is variations in raman spectra for nanomaterials
Jyoti Reply
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
yes that's correct
I think
Nasa has use it in the 60's, copper as water purification in the moon travel.
nanocopper obvius
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
How we are making nano material?
what is a peer
What is meant by 'nano scale'?
What is STMs full form?
scanning tunneling microscope
how nano science is used for hydrophobicity
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
what is differents between GO and RGO?
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
analytical skills graphene is prepared to kill any type viruses .
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
The nanotechnology is as new science, to scale nanometric
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Is there any normative that regulates the use of silver nanoparticles?
Damian Reply
what king of growth are you checking .?
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.
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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