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The Emerging Patent Marketplace

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  • Tomoya Yanagisawa
  • Dominique Guellec
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    Abstract

    Facilitating the mobilisation, sharing, or exchange of patents is increasingly important to promote innovation in this globalised and well-networked world, where the circulation of ideas and technologies is essential to innovation. In the context of open innovation, patents are expected to play a role as a means for transferring ideas and technologies from one entity to another, in addition to acting as a means for excluding others from using companies’ own ideas and technologies. In such a situation, a variety of new entities focusing on patent-related transactions are emerging. Some IP specialist firms seek to monetise patents by creating strategic patent portfolios and licensing them. Others provide websites to establish online marketplaces where patents and ideas could be traded. And still others establish a co-operative venture that buys and licenses patents to its members for defensive purpose. They also include IP investment banks that will lend against the value of IP, and firms that seek to create funds, similar to mutual funds, which allow investors to earn revenue from royalties. These new players now could significantly influence the circulation of patents. It would be important for governments to deepen their understanding of how these new players are performing in the patent transaction markets in order to support their development in the most socially beneficial directions. This may also be important for traditional technology-oriented companies, since the effective use of patent transaction markets will help them improve their innovation process and strengthen their competitiveness. Therefore, analysis of the functions, business models, and activities of IP specialist firms is the central topic of this research. Le nouveau marché des brevets De plus en plus, il est important de faciliter la mobilisation, le partage ou l’échange de brevets pour promouvoir l’innovation dans ce monde globalisé et très interconnecté où la circulation des idées et des technologies est essentielle pour l’innovation. Dans l’optique de l’innovation ouverte, les brevets devraient jouer un rôle en tant que moyen de transfert d’idées et de technologies d’une entité à l’autre, tout en servant à empêcher que d’autres utilisent les idées et technologies appartenant aux entreprises. Dans ces conditions, il apparaît actuellement diverses entités nouvelles dont l’activité est axée sur les transactions relatives aux brevets. Certaines entreprises spécialisées en PI cherchent à monétiser des brevets en créant des portefeuilles de brevets stratégiques et en concédant les licences d’exploitation qui s’y rattachent. D’autres s’emploient à mettre en place sur des sites Web des marchés en ligne où les brevets et les idées pourraient faire l’objet d’échanges. D’autres encore constituent des coopératives qui achètent des brevets et cèdent les licences d’exploitation à leurs membres à des fins défensives. On voit aussi se créer des banques d’investissement spécialisées dans la PI, qui octroient des prêts en utilisant la valeur de la PI comme garantie, et des entreprises qui cherchent à créer des fonds, comparables à des fonds communs de placement, permettant aux investisseurs de tirer des revenus des redevances. Ces nouveaux acteurs pourraient exercer désormais une puissante influence sur la circulation des brevets. Il importe, pour les pouvoirs publics, de mieux connaître les comportements de ces nouveaux acteurs sur les marchés où s’opèrent les transactions sur les brevets afin de pouvoir favoriser un essor de ces marchés tendant vers ce qui sera optimal pour la collectivité. Il peut être important aussi pour les entreprises classiques à vocation technologique de bien appréhender ces évolutions, car l’utilisation des marchés des transactions concernant les brevets les aidera à améliorer leur processus d’innovation et à renforcer leur compétitivité. L’analyse des fonctions, des modèles économiques et des activités des entreprises spécialisées en PI constitue donc le thème central de cette recherche.

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    Bibliographic Info

    Paper provided by OECD Publishing in its series OECD Science, Technology and Industry Working Papers with number 2009/9.

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    Date of creation: 22 Dec 2009
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    Handle: RePEc:oec:stiaaa:2009/9-en

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    Keywords: innovation; patents; IP; patent licence; technology market; IP market; marché de la PI; marché des technologies; PI; licence de brevet; brevets; innovation;

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    Cited by:
    1. Pénin, Julien, 2012. "Strategic uses of patents in markets for technology: A story of fabless firms, brokers and trolls," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 633-641.

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