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University IPRs and knowledge transfer: is university ownership more efficient?

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Author Info

  • Gustavo Crespi
  • Aldo Geuna
  • Onder Nomaler
  • Bart Verspagen

Abstract

This paper addresses an issue that has been largely ignored so far in the empirical literature on the role of patents in university-industry knowledge transfer: does it matter who owns the patents on university research? We observe that especially in Europe, many patents in which university researchers are listed as inventors are not owned by the university. From a literature review, we conclude that private ownership of university patents may reduce the efficiency of the knowledge transfer process. This hypothesis is put to an empirical test, using data on patents in six European countries. Specifically, we assess whether university-owned patents (in Europe) are more often applied, and/or more economically valuable, than university-invented (but not-owned) patents. Our results indicate that, after correcting for observable patent characteristics, there are only very small differences between university-owned and university-invented patents in terms of their rate of commercialization or economic value.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.

Volume (Year): 19 (2010)
Issue (Month): 7 ()
Pages: 627-648

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Handle: RePEc:taf:ecinnt:v:19:y:2010:i:7:p:627-648

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Related research

Keywords: university patenting; public-private technology transfer; European universities;

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Cited by:
  1. So Sohn & Mooyeob Lee, 2012. "Conjoint analysis of R&D contract agreements for industry-funded university research," The Journal of Technology Transfer, Springer, vol. 37(4), pages 532-549, August.
  2. Bodas Freitas, Isabel Maria & Geuna, Aldo & Rossi, Federica, 2013. "Finding the right partners: Institutional and personal modes of governance of university–industry interactions," Research Policy, Elsevier, vol. 42(1), pages 50-62.
  3. repec:wip:wpaper:4 is not listed on IDEAS
  4. Lawson, Cornelia, 2012. "Academic inventions outside the university: A result of industry sponsorship or entrepreneurial activities?," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201216, University of Turin.
  5. Sterzi, Valerio, 2011. "Academic patent value and knowledge transfer in the UK. Does patent ownership matter?," MPRA Paper 34955, University Library of Munich, Germany.
  6. Lissoni, Francesco & Montobbio, Fabio, 2012. "The ownership of academic patents and their impact. Evidence from five European countries," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201220, University of Turin.
  7. Pluvia Zuniga, 2011. "The State of Patenting at Research Institutions in Developing Countries: Policy Approaches and Practices," WIPO Economic Research Working Papers 04, World Intellectual Property Organization - Economics and Statistics Division, revised Dec 2011.
  8. Sterzi, Valerio, 2013. "Patent quality and ownership: An analysis of UK faculty patenting," Research Policy, Elsevier, vol. 42(2), pages 564-576.
  9. Wipo, 2011. "World Intellectual Property Report 2011- The Changing Face of Innovation," WIPO Economics & Statistics Series, World Intellectual Property Organization - Economics and Statistics Division, number 2011:944, March.

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