Exploring the "Value" of Academic Patents: IP Management Practices in UK Universities and their Implications for Third-Stream Indicators
AbstractThird-Stream activities have become increasingly important in the UK. However, valuing them in a meaningful way still poses a challenge to science and technology analysts and policy makers alike. This paper reviews the general literature on "patent value" and assesses the extent to which these established measures, including patent citation, patent family, renewal and litigation data, can be applied to the university context. Our study examines indicators of patent value for short and mid-term evaluation purposes, rather than indicators that suffer from long time lags. We also explore the extent to which differences in IP management practices at universities may have an impact on the validity and robustness of possible indicators. Our observations from four UK universities indicate that there are considerable differences between universities as to how they approach the IP management process, which in turn has implications for valuing patents and how they track activity in this area. In their current form, data as collected by universities are not sufficiently robust to serve as the basis for evaluation or resource allocation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by SPRU - Science and Technology Policy Research, University of Sussex in its series SPRU Working Paper Series with number 143.
Length: 33 pages
Date of creation: 11 Apr 2006
Date of revision:
Contact details of provider:
Postal: Jubilee Building G08, Falmer, Brighton, BN1 9SL
Phone: +44 (0)1273 686758
Fax: +44 (0)1273 685865
Web page: http://www.sussex.ac.uk/spru
More information through EDIRC
intellectual property management; patenting; United Kingdom universitities; technology transfer; third stream; performance indicators;
Find related papers by JEL classification:
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-04-29 (All new papers)
- NEP-INO-2006-04-29 (Innovation)
- NEP-SOG-2006-04-29 (Sociology of Economics)
- NEP-TID-2006-04-29 (Technology & Industrial Dynamics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Valerio STERZI (GREThA, CNRS, UMR 5113 & KITES, Bocconi University), 2012.
"Academic patent value and knowledge transfer in the UK: Does patent ownership matter?,"
Cahiers du GREThA
2012-07, Groupe de Recherche en Economie Théorique et Appliquée.
- Sterzi, Valerio, 2011. "Academic patent value and knowledge transfer in the UK. Does patent ownership matter?," MPRA Paper 34955, University Library of Munich, Germany.
- Geuna, Aldo & Rossi, Federica, 2011.
"Changes to university IPR regulations in Europe and the impact on academic patenting,"
Elsevier, vol. 40(8), pages 1068-1076, October.
- Geuna Aldo & Rossi Federica, 2010. "Changes to university IPR regulations in Europe and the impact on academic patenting," 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 201015, University of Turin.
- Sterzi, Valerio, 2013. "Patent quality and ownership: An analysis of UK faculty patenting," Research Policy, Elsevier, vol. 42(2), pages 564-576.
- Puay Tang & Dagmara Weckowska & André Campos & Michael Hobday, 2010. "Managing Intellectual Property in Universities: Patents and the Protection Failure Problem," SPRU Working Paper Series 188, SPRU - Science and Technology Policy Research, University of Sussex.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Russell Eke).
If references are entirely missing, you can add them using this form.