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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

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
Do somebody tell me a best nano engineering book for beginners?
s. Reply
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?
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
types of nano material
abeetha Reply
I start with an easy one. carbon nanotubes woven into a long filament like a string
many many of nanotubes
what is the k.e before it land
what is the function of carbon nanotubes?
I'm interested in nanotube
what is nanomaterials​ and their applications of sensors.
Ramkumar Reply
what is nano technology
Sravani Reply
what is system testing?
preparation of nanomaterial
Victor Reply
Yes, Nanotechnology has a very fast field of applications and their is always something new to do with it...
Himanshu Reply
good afternoon madam
what is system testing
what is the application of nanotechnology?
In this morden time nanotechnology used in many field . 1-Electronics-manufacturad IC ,RAM,MRAM,solar panel etc 2-Helth and Medical-Nanomedicine,Drug Dilivery for cancer treatment etc 3- Atomobile -MEMS, Coating on car etc. and may other field for details you can check at Google
anybody can imagine what will be happen after 100 years from now in nano tech world
after 100 year this will be not nanotechnology maybe this technology name will be change . maybe aftet 100 year . we work on electron lable practically about its properties and behaviour by the different instruments
name doesn't matter , whatever it will be change... I'm taking about effect on circumstances of the microscopic world
how hard could it be to apply nanotechnology against viral infections such HIV or Ebola?
silver nanoparticles could handle the job?
not now but maybe in future only AgNP maybe any other nanomaterials
I'm interested in Nanotube
this technology will not going on for the long time , so I'm thinking about femtotechnology 10^-15
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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