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Number: Patents in Na chnology Patents are exclusive rights/licenses ities given to individuals by the government to protect intellectual properties such as inventions, technologies, manufacturing processes etc. There is need for continued protection of the intellectual properties to safeguard the existing innovations and to ensure a continued and sustained development in production. There is no doubt that patents will secure future innovations and provide a platform for new technology advancement boosting competition among firms hence better services and goods production (Chen and Roco 24).Nanotechnology is a cutting edge technological advancement which has promoted the development of various fields, e.g. medicine, energy, electronics and manufacturing. Many players have invested in nanotechnology to get benefits such as better means of production and product line diversification through nanotechnology research and development. These players have secured their products and production processes through the application of patents and copyrights (Chen and Roco 24).In the field of medicine, CytImmune Sciences incorporation and NanoBio Corporation are the major registered firms that have contributed to major breakthroughs in nanotechnology research and development. They have obtained patents for their products to gain a competitive edge in the market. CytImmune sciences Incorporation are clinical stage nanomedicine companies whose focus is to develop and commercialize tumor targeted therapies. NanoBio Corporation, a registered company that is based at the University of Michigan, has obtained a patent for the production of nanoemulsion vaccines in the US, with the patent number 7314624. The CytImmune inc. retains the sole commercialization rights of its products such as the Aurimune CYT-6091, pegylated colloidal gold bound TNF with paclitaxel CYT 21001. It has received patents such as the nanotherapeutic colloidal metal compositions and methods with the patent number 20090104114.IBM, an American technological company, has developed silicon nanophotonics that use light to transfer huge volumes of data at high speed improving information transfer, reducing congestion, greatly improving the level of efficiency in their products that can also. To increase its competition through this technologies they have obtained patents such as the Optoelectronic device with germanium photo detector in the US, with the patent number 7790495, the single wall carbon nanotubes in the US with the patent number 5424054, the CMOS compatible integrated dielectric optical waveguide coupler and fabrication with the patent number 7.738.753 in the US, The method and apparatus for tuning an optical delay line with the patent number 7.684.666.IMEC, a Belgium based company, is developing a carbon based nanotubes microchip. In collaboration with Nanetro, they have developed a carbon based nanotubes that will target terabit scale memory arrays and ultra-fast gigabit scale non volatile memories. This will shape the fields of electronics and manufacturing enhancing efficiency. To protect their inventions they have obtained a hierarchical carbon Nano and Microstructure patent with the patent number 20140079921 in the US (Chen and Roco 24)..In conclusion, the field of nanotechnology is still very promising. Major firms are trying to identify new research lines that can help them develop new Nano-based products which are more efficient cost effective and profitable. The major players in this field of technology are also trying to maintain their dominance over the existing markets. Patents are therefore going to boost and fuel innovation as major firms see it as the best way to provide security for their products and technologies.Works CitedChen, Hsinchun, and Mihail C. Roco. Mapping Nanotechnology Innovations and Knowledge: Global and Longitudinal Patent and Literature Analysis. New York: Springer, 2009. Print.