Patent is an issue that comes under the purview of intellectual property rights. It is nothing but a privilege granted by a government to an individual or an organization for their invention. A patented product has to be used under explicit permission of the person/organization who have the patent rights for a specific period of time. The patent is granted as the inventor decides to apply the invention in commercial use.
A technique of measuring the quality of patents is the patents citation analysis. Strict adherence to Intellectual Property protection laws has improved the industry productivity. Every nation has their own national government body that takes care of the Intellectual Property right related issues. In the international arena, World Intellectual Property Organization who is subsidiary of United Nations takes care of this matter.
Nanotechnology is a recently growing scientific sector of study and requires investment for its growth. Nanotechnology is a branch of engineering controlling matter on atomic and molecular scale (between .1 to 100 nanometers).
Venture Capital firms are firms who possess private equity capital. These firms invest in companies, like nanotechnology, based on the potential of the company. A research done by Federico Munari and Laura Toschi (both from the department of management, university of Bologna) revealed some startling results.
It has been found that the venture capital firms don’t concentrate only on the technological relevance of the patents on nanotechnology sector. The venture capital firms are not all alike in terms of their ability to asses the potential of a startup technology and patents. Their degree of specialization in a particular sector will influence their evaluation criteria and skills of a Venture Capital firm.
In USA, they invested about $ 6.6 billion as per Moneytree report by PricewaterhouseCoopers (year 2006, third quarter) and National Venture Capital Association. USA has several companies dedicated to the nanotechnology sector. Example- Dais Analytic Corp., Miami. As a result it becomes important for the company specializing in nanotechnology to posses patents on the research and development work.
Moreover, they would also have to approach a venture capital firm based on their specialized area of investment. Florida has several companies specializing in nanotechnology like- Dais Analytic Corp., Nanotherapautics, etc. As a result investment in this sector is very important for growth.
The richest city in Florida, Miami has very developed tertiary sector. As a result it is a lucrative place from where funds can be availed by companies. In case you have to patent your ongoing research in nanotechnology it is better to contact a Miami Patent Attorney. In case of a nanotechnology firm the job of Patent lawyer will be more intense. He will need to evaluate the patent rights acquisition from the perspective of both the client as well as investors in that company.
Steve Johnson is a contributor to legal journals offering right help in legal matters. In case you require Miami Patent Attorney, he would suggest you the website- www.addmg.com which he found to be very insightful, if you have any query about personal patent related issues from the perspective of protection as well as soliciting investment from Venture Capital firms.