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Academic vs. industry patenting: an in-depth analysis of what determines patent value

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  • Bruno Van Pottelsberghe
  • Eleftherios Sapsalis
  • Ran Navon

Abstract

This paper compares corporate and academic patents and tests whether they have similar value and similar determinants of value. The empirical results based on an in-depth analysis of 400 biotech patents applied by Belgian universities and firms lead to the following observations :(i) the value distributions show similar levels of skewness for both academic and corporate patents; (ii) for the two sectors the identification of the institutional origin of knowledge allows for an improved understanding of what determines the value of patents; (iii) of particular importance is to separate self backward citations from non-self backward citations (to patent and non patent literature); (iv) the results clearly underline the crucial role of academic research as a source of knowledge spillovers, and the need to focus on researchers with a high scientific profile in order to crystallize their tacit knowledge into high value patents, for both the academic and corporate sectors.

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Bibliographic Info

Paper provided by ULB -- Universite Libre de Bruxelles in its series ULB Institutional Repository with number 2013/6197.

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Date of creation: 2006
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Publication status: Published in: Research Policy (2006) v.35 n° 10,p.1631-1645
Handle: RePEc:ulb:ulbeco:2013/6197

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References

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  2. Bronwyn Hall & Adam Jaffe and Manuel Trajenberg, 2000. "Market Value and Patent Citations: A First Look," Economics Series Working Papers, University of Oxford, Department of Economics 2000-W17, University of Oxford, Department of Economics.
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Citations

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Cited by:
  1. Nicolas van Zeebroeck, 2007. "The puzzle of patent value indicators," Working Papers CEB, ULB -- Universite Libre de Bruxelles 07-023.RS, ULB -- Universite Libre de Bruxelles.
  2. Nicolas van Zeebroeck & Bruno Van Pottelsberghe & Dominique Guellec, 2008. "Patents and Academic Research: A State of the Art," Working Papers CEB, ULB -- Universite Libre de Bruxelles 08-013.RS, ULB -- Universite Libre de Bruxelles.
  3. Nicolas van Zeebroeck, 2007. "Patents only live twice: a patent survival analysis in Europe," Working Papers CEB, ULB -- Universite Libre de Bruxelles 07-028.RS, ULB -- Universite Libre de Bruxelles.
  4. Van Looy, Bart & Landoni, Paolo & Callaert, Julie & van Pottelsberghe, Bruno & Sapsalis, Eleftherios & Debackere, Koenraad, 2011. "Entrepreneurial effectiveness of European universities: An empirical assessment of antecedents and trade-offs," Research Policy, Elsevier, Elsevier, vol. 40(4), pages 553-564, May.

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