Patenting in nanotechnology is crucial for several reasons:
1. Protecting Intellectual Property: It safeguards inventors' and companies' investments in research and development. 2. Encouraging Innovation: Patents provide an incentive to invest in new technologies by offering a temporary monopoly. 3. Commercial Advantage: Exclusive rights can provide a competitive edge in the market. 4. Revenue Generation: Patents can be licensed or sold, creating additional revenue streams.
