An Overview on the Role of Government Initiatives in Nanotechnology Innovation for Sustainable Economic Development and Research Progress

Nanoparticle technology has emerged as a fundamental component across various industries, including electronics, renewable energy, textiles, and medical biotechnology, particularly for targeted drug delivery applications. Commercialization has profoundly impacted economic growth, especially in the pharmaceutical and electronics industries. Moreover, it has improved workforce education and training, generating millions of employment prospects associated with nanotechnology development. By 2024, the Organisation for Economic Co-operation and Development anticipates that the global market for nanotechnology products will attain a value of United States Dollar (USD) 1 trillion to USD 3 trillion, resulting in the…

• NS
  National Science Foundation
• UD
  U.S. Department of Energy
• JU
  Jazan University
• NN
  National Nanotechnology Coordinating Office