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Nanotechnology, Firm Innovation and University-Industry Networks: The Case of the UWS1 Nanotechnology Network in Sydney

Nanotechnology, Firm Innovation and University-Industry Networks: The Case of the UWS1 Nanotechnology Network in Sydney
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Author(s): Cristina Martinez-Fernandez (University of Western Sydney, Australia)
Copyright: 2010
Pages: 17
Source title: Nanotechnology and Microelectronics: Global Diffusion, Economics and Policy
Source Author(s)/Editor(s): Ndubuisi Ekekwe (Johns Hopkins University, USA)
DOI: 10.4018/978-1-61692-006-7.ch008

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Abstract

Nanotechnology is becoming a transformative element for the manufacturing sector into the knowledge economy. Access to relevant knowledge is a critical factor in this transformation as manufacturing firms cluster in peripheral suburbs away from the knowledge intensive ring of central business districts. Results from a project conducted in South-West Sydney shows that informal university-industry networks raise the awareness of firms to the potential of nanotechnology applications, their willingness to invest in nanotechnology R&D and the number of university-industry cooperation initiatives and business-to-business partnerships. Results from the project also suggest that, despite the importance for firms of being involved in global networks, access to local knowledge and local networks is significant for the innovation process of small and medium enterprises (SMEs).

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