How do intellectual property rights impact nanotechnology costs?
Intellectual property (IP) rights, including patents, can significantly impact nanotechnology costs. Securing IP rights involves substantial legal and administrative expenses, which can increase the overall cost of nanotechnology development. Moreover, the complexity of patent landscapes in nanotechnology can lead to costly legal disputes and licensing fees. On the other hand, strong IP protection can attract investment, fostering innovation and potentially leading to lower costs through increased competition and technological advancements.
