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Benefits of KBI
 The benefits of any Knowledge Economy or particularly Knowledge Based Industries are in three folds namely Human Resources, Innovation and Growth. The relationship between these three factors is cyclical. Better human resources leads to superior innovations, which lead to greater growth, in return growth, substantiate better quality human capital.
Human capital is the central pillar of any developmental activity. The focus of Knowledge Based Industries is basically to enhance the quality of labor to learn and adopt newer technology for better productivity.
Innovation in product, process and organizational structure transforms the future of any industry. As economies become more knowledge based the obvious route for the industries to follow is a science based strategy. The key for the industries to get the full benefits of innovation is openness towards international flow of knowledge and accommodating it through all means.
Growth is the resultant associated with better adoption of human capital and innovation. The future focus is Knowledge Economy through Knowledge Based Industries.
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New developments in
Nanotechnology :
NANOCOMPOSITE
Nanocomposites are materials that are created by
introducing nanoparticulates into a macroscopic sample
material
 Application: A Plastic Nanocomposite is being used for "step assists" in automobiles. It is scratch-resistant,
light-weight, and rust-proof, and generates improvements
in strength and reductions in weight, which lead to fuel
savings and increased longevity. In 2001, Toyota started
using Nanocomposites in a bumper that makes it 60%
lighter and twice as resistant to denting and
scratching.
Future Impact: Likely to impact repair shops (fewer
repairs needed) and auto insurance companies (fewer
claims). It is also expected that NASA, and other
space-faring organizations to take a serious look on
Nanocomposites, which will eventually result in lower
lift costs with more material being lifted into space.
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NANOCOMPOSITE COATING
 Application: Wilson Double Core tennis balls have a
nanocomposite coating that keeps it bouncing twice as
long as an old-style ball. This nanocomposite is a mix
of butyl rubber, intermingled with nanoclay particles,
giving the ball substantially longer shelf life.
Future Impact: Tires are the next logical extension of
this technology: it would make them lighter (better
millage) and last longer (better cost performance).
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NANOTUBES
 A Nanotube is a nanometer scale tube-like structure
referred to Carbon Nanotubes. Conceptually, single-wall
carbon Nanotubes (SWCNTs) can be considered to be formed
by the rolling of a single layer of graphite (called a
graphene layer) into a seamless cylinder.
Application: Applied Nanotech recently demonstrated a
14" monochrome display based on electron emission from
Carbon Nanotubes (CNTs).
Impact: Once the process is perfected, costs will go
down, and the high-end market will start being filled.
Shortly thereafter, a predictable drop in price of CNTs
through production economies-of-scale and we will see
Nanotube-based screens is in use every view screens
including Television and Computer screens.
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NANOCATALYST
 Nanocatalysts are Nanoscale materials that have at least
one Nanoscale dimension, or have been subjected to
Nanoscale structural modification in order to enhance
their catalytic activity.
Application: China's largest coal company (Shenhua
Group) has licensed technology from Hydrocarbon
Technologies that will enable it to liquefy coal and
turn it into gas. The process uses a gel-based nanoscale
catalyst, which improves the efficiency and reduces the
cost.
Future Impact: If the technology lives up to its promise
and can economically transform coal into diesel fuel and
gasoline, coal-rich countries such as the U.S., China
and Germany could depend far less on imported oil. At
the same time, acid-rain pollution would be reduced
because the liquefaction strips coal of harmful sulfur.
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NANOFILTERS
Nanofilters are thin filters designed from a
Nanoparticle or a Membrane used to segregate very tiny
objects
 Application: Argonide Nanomaterials, an Orlando based
manufacturer of Nanoparticles and Nanofiltration
products, makes a filter that is capable of filtering
the smallest of particles. It attracts and retains
sub-micron and Nanosize particles. It is useful for
sterilization of biological, pharmaceutical and medical
serums, protein separation, collector/concentrator for
biological warfare detectors, and several other
applications.
Future Impact: In the future, sterilizing drinking water
will be easier with this technology. It will be key to
better separation of blood proteins for dialysis
patients, speeding ion exchange in fuel cells, creating
a new environment for growing neurological stem cells,
and purifying air and water in hospitals and clean-rooms
at the Nanoscopic level.
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