The major objectives of INO can be summarized as follows:

• To enhance the motivation of students towards gaining deeper knowledge of nanotechnology and acquiring skills for solving industrial challenges and fulfilling today’s innovative applications.

• To improve the participants’ basic knowledge and skills in innovation and commercialization processes.

• To reinforce the spirit of team work among the participants.

• To favorably affect the nanoscience and nanotechnology education in the participating economies.

• To create an international network of the contestants and participant institutions.

• To raise awareness about nanoscience and nanotechnology at national level in member economies and the international level in the future.

• To broaden the cross-cultural and international networking experiences among students.

• To create a self–sustainable system of educational material generation and new educational approaches in the field of nanoscience and nanotechnology.

• To foster and support the young and talented elites in the area of nanoscience and nanotechnology all over the world.

• To create a professional network of students, professors, government authorities, and enterprise companies with the aim to commercialize the innovative technological ideas.

• To assist the creation of a broad spectrum of new emerging businesses based on nanotechnology for students of participating economies.

• To familiarize the students with trade and business areas and how it works at the international level.