What are the Benefits of Patent Pooling in Nanotechnology?
1. Reduction in Litigation: By agreeing to share patents, companies can avoid costly and time-consuming legal disputes. 2. Lower Transaction Costs: Managing individual licenses can be expensive and complex. A patent pool simplifies this process by providing a single point of access. 3. Accelerated Innovation: With easier access to essential patents, researchers and companies can focus more on developing new technologies rather than navigating IP barriers. 4. Market Entry: Small and medium enterprises (SMEs) and startups can access crucial technologies without prohibitive licensing costs, fostering competition and market growth.
