Nanotechnology and Innovation, Recent status and the strategic implication for the formation of high tech clusters in Greece, in between a global economic crisis

TL;DR

This paper examines the current state of nanotechnology innovation in Greece, analyzing how global economic crises impact its development and exploring the potential of high-tech clusters to foster growth.

Contribution

It provides an analysis of nanotechnology innovation status in Greece and assesses the strategic role of clusters in enhancing innovation amid economic challenges.

Findings

Nanotechnology is a key driver for economic growth and innovation.

Global economic crises negatively affect nanotechnology development.

Clusters can potentially boost nanotech innovation in Greece.

Abstract

Nanotechnology is the first major worldwide research initiative of the 21st century and probably is the solution vector in the economic environment. Also, innovation is widely recognized as a key factor in the economic development of nations, and is essential for the competitiveness of the industrial firms as well. Policy and management of innovation are necessary in order to develop innovation and it involves processes. It is essential to develop new methods for nanotechnology development for better understanding of nanotechnology based innovation. Nanotechnologies reveal commercialization processes, from start ups to large firms in collaboration with public sector research. In the current paper, a study in the present status of innovation in nanotechnology and the affection of global economic crisis in this section is made and also the potential of increase the innovation via the presence of clusters in a small country like Greece which is in the eye of tornado from the global crisis is studied.