The main goal of LICARA is to develop a structured life cycle approach for nanomaterials which enables the evaluation of the benefits and risks qualitatively with low and manageable efforts, over the nanoproduct's life time. It further allows a comparison with the risks and benefits of the conventional (non-nano) poducts. The tool stimulates economic, environmental and social opportunities. This tool is specifically intended for use by SME's to support them in communicating with regulators, and potential clients and investors.