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Technology experts foresee that nanotechnology is the next industry revolution and it has great potential to bring solutions to many challenges of globally relevance in terms of diverse range of applications. Efficiencydriven economies are transforming into innovation-driven economies where Intellectual Property (IP) plays a pivotal role in achieving the competitive advantage. Whereas industry analysts assert that IP roadblocks will be a severe detriment to development of nanotechnology due to infringements and high-profile patent battles.
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