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The global nanotechnology market was valued at $1.76 billion in 2020, and is projected to reach $33.63 billion by 2030, registering a compound annual growth rate of 36.4% from 2021 to 2030.1 Of course, there are applications of nanotechnology across a range of sectors, thereby impacting several global markets. For example, some of the newest innovations in the world of nanomaterials have led to significant advancements in sectors such as materials & manufacturing, sustainability, precision medicine, emerging digital technologies and lifestyle & wellness. There are many applications of ‘nanotech’, including energy conversion and storage, quantum computing and nanomedicine. Most recently, the use of computational tools, such as machine learning, is growing rapidly to optimise nanostructures and predict improved materials.

 

Direct outputs such as scientific publications and patents help to assess the impact of investing in such tools and nanotechnology R&D. Several studies to date link a company’s ownership of IP rights positively to its economic performance, underlining the importance of making it easier for companies to protect their innovations with IP rights.2 In her upcoming conference talk at Nano Boston 2021, Monica will explore the role of IP in nanotechnology innovation, looking in particular at:

 

  • Applications of nanotechnology including impact on sectors such as materials & manufacturing, lifestyle & wellness, sustainability, emerging digital technologies and precision medicine, amongst others. 
  • Why intellectual property rights are so important and benefits of patenting
  • Key types of intellectual property rights, including the legal protection provided by patents, registered designs and trade marks
  • Hurdles to patentability, challenges and prospects on how to overcome them
  • Specific examples of patented inventions in nanotechnology

 

If you are attending Nano Boston, we would love to see you at Monica's talk. If you aren't attending, but would like to know more about patenting nanotechnology, get in touch with Monica, or take a look at her recent article on Patents in Nanotechnology.

 

1 Nanotechnology Market: Global Opportunity Analysis and Industry Forecast, 2021-2030, Allied Market Research, July 2021.

2 Intellectual Property Rights and Firm Performance in the European Union, Firm-Level Analysis Report, February 2021.

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