Strong developments are taking place in the field of nanotechnology but the slow patent process has become a cause of worry among the companies. In 2004 it just took two years to get a patent but now the time has doubled and companies are worried that their investment gets blocked due to this.
Stephen Maebius, Foley & Lardner law firm stated:
Clearly there’s a danger. If you cross a threshold and its taking too long, potential financial backers wonder if what you have is patentable or not
If the status becomes unclear it certainly leads to the worry among the people who have invested their huge sums of money and the longer gestation period wards them off from what they call blocking their money. On the other hand the patent office also cannot be blamed since this is a new technology therefore proper studies need to be conducted in order to find out whether everything is right or not but some concrete solution needs to be found out.
