From Science to License: An exploratory analysis of the value of academic patents
AbstractThis paper analyses the industrial and entrepreneurial value of 334 patent families applied for by six major Belgian universities. It identifies the value determinants underlying the patent documents and highlights the positive and significant impact of collaboration and tacit scientific knowledge of the inventors’ team on the probability to get licensed. It also shows that there are technological differences between patents licensed to existing companies and the ones licensed to spin-offs. It suggests that existing companies are more likely to license technologies to be cited by academia when spin-offs exploit academic patents that are cited by the industry. These results advocate that existing companies and start-ups are two different valorisation patterns to commercialise different types of academic technologies. The paper stresses also the importance of collaboration between public and corporate research teams in order to get patent licensed. It pleads for a better management and valorisation sheme of patents co-applied for by many academic assignees and draws attention on the need to focus on academic researchers with a high scientific profile in terms of publications in order to crystallize their tacit knowledge into valuable patents.
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Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 07-018.RS.
Length: 37 p.
Date of creation: 2007
Date of revision:
Publication status: Published by:
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Patent value; patent indicators; knowledge sources; license; spin-off.;
Find related papers by JEL classification:
- L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-23 (All new papers)
- NEP-EEC-2007-06-23 (European Economics)
- NEP-ENT-2007-06-23 (Entrepreneurship)
- NEP-IND-2007-06-23 (Industrial Organization)
- NEP-INO-2007-06-23 (Innovation)
- NEP-IPR-2007-06-23 (Intellectual Property Rights)
- NEP-KNM-2007-06-23 (Knowledge Management & Knowledge Economy)
- NEP-SOG-2007-06-23 (Sociology of Economics)
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