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October 29th, 2006
Slow patent process hurts nanotech progress
As the time it takes to process patent applications now averages almost four years, double the time it took in 2004, nanotech entrepreneurs are beginning to worry that their ability to raise money to develop products may be stifled.
"Clearly there's a danger," said Stephen Maebius, a partner in the Foley & Lardner law firm, of the patent application backlog. "If you cross a threshold and it's taking too long, potential financial backers wonder if what you have is patentable or not."
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