Nowadays, entrepreneurship and information technology have become the basis of any new progress in technology. Advanced information technology has an important impact in establish new industrial system via computer networks.  In this work, we will review three main types of modern technologies that rely on the information presented in the entrepreneurship and information technology for sustainable development, characterization and treatment of nanomaterials. The development of natural materials using new treatment technology and accurate nano-characterization technology has revealed thin layers of smart wood called Wood Carbon Sponge (WCS) along with the discovery Carbon Nano Tubes (CNTs). Therefore, it became clear that there is a big challenge to prove the strength and durability of WCS and CNTs as smart materials to reach innovative use. This paper summarizes review of the possibility of using advanced technologies to make the most of the natural and acquired potential of smart functional materials in the light of entrepreneurship and information technology. Laboratory experiments have demonstrated that the smart thin layers materials add new features such as elasticity strength retention that can be useful in developing engineering metrology systems to improve their precision. Eventually, new directions under development in this interesting area are proposed to provide solutions for important issues in the future of mechanical engineering metrology and quality control systems that always need scientific treatments.