Autor: Joachim Warschat

Nanotechnology offers great potentials for improved product properties and innovative functionalities which have to be considered in the product development in an early stage and compared with product requirements. In practice, a gap is to be recognised between nanotechnology and product development. An approach to close the gap and to improve the interoperability is to define a common language based on a functional-based view. The formalisation and mapping of the functions uses semantic nets and ontologies in order to allow a dynamic expanding and machine readability. Thus, applications and nanotechnology will be linked with the objective of generation new product ideas by nanotechnology.

This article tries to answer the question what implications innovation management will have on the future performance of companies. For this purpose a new approach has been developed that considers the time factor to be the determining element for the success of an innovation which also includes an invention. The developed model analyses the entire innovation process on several levels as well as the innovation performance and innovation capability of a company. This model permits to highlight critical elements within the company and the specific project, on the basis of existing data. This allows to give recommendations for optimisation and to evaluate modifications.