Andrew Geim explains why Graphene is not patented

In an interview from 2010 Andre Geim mentions why Graphene isn't patented.

We considered patenting; we prepared a patent and it was nearly filed. Then I had an interaction with a big, multinational electronics company. I approached a guy at a conference and said, "We've got this patent coming up, would you be interested in sponsoring it over the years?" It's quite expensive to keep a patent alive for 20 years. The guy told me, "We are looking at graphene, and it might have a future in the long term. If after ten years we find it's really as good as it promises, we will put a hundred patent lawyers on it to write a hundred patents a day, and you will spend the rest of your life, and the gross domestic product of your little island, suing us." That's a direct quote.

I considered this arrogant comment, and I realized how useful it was. There was no point in patenting graphene at that stage. You need to be specific: you need to have a specific application and an industrial partner. Unfortunately, in many countries, including this one, people think that applying for a patent is an achievement. In my case it would have been a waste of taxpayers' money.

Long term the lack of a patent will only help to encourage innovation with Graphene, and will allow companies to find currently unimaginable uses.