It is generally more effective to chase technologies that offer a plethora of benefits rather than just one appealing application. On a philosophical plane we should focus on a journey with several interesting sights as there are tangible benefits along the way. It is in this context that I review the value offered by Nanotechnology. Hence placing importance on the technology would warrant building a nanotechnology park that brings start-ups, service providers and academia.
As a primer - Nanotechnology refers to the conduct of engineering and applied science at an ultra-small scale – in a size range on the order of 100,000 times smaller than the diameter of a human hair. This focus on miniaturization can result in tremendous cost savings and represents a valuable benefit of nanotechnology. Is this by itself sufficient to run after nanotechnology? Most certainly not!