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What Determines University Patent Commercialization? Empirical Evidence on the Role of IPR Ownership

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  • Paola Giuri
  • Federico Munari
  • Martina Pasquini

Abstract

This paper addresses the commercialization of academic patents, developed in both universities and public research organizations (PROs). We distinguish between university-owned and university-invented patents to analyze if and how patent ownership affects the probability of commercialization and, similarly, if the characteristics of national university intellectual property right (IPR) regimes correlate with it. We study three commercialization channels--sales, licensing and spin-off formation--appearing in a sample of 858 university and PRO patents filed with the European Patent Office between 2003 and 2005 across 22 countries. To analyze differences in commercialization outcomes, this study employs a multivariate probit model. The results suggest that PRO ownership is negatively associated with the likelihood of selling the patent and creating an academic spin-off; university ownership positively affects the patent's licensing uses. Finally, the institutional IPR regime has a negative effect on the probability of selling a patent.

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  • Paola Giuri & Federico Munari & Martina Pasquini, 2013. "What Determines University Patent Commercialization? Empirical Evidence on the Role of IPR Ownership," Industry and Innovation, Taylor & Francis Journals, vol. 20(5), pages 488-502, July.
    • Handle: RePEc:taf:indinn:v:20:y:2013:i:5:p:488-502
    DOI: 10.1080/13662716.2013.824195
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    3. van Burg, Elco & Du, Jingshu & Kers, Jannigje Gerdien, 2021. "When do academics patent outside their university? An in-depth case study," Technovation, Elsevier, vol. 107(C).
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    6. Sabrina Backs & Markus Günther & Christian Stummer, 2019. "Stimulating academic patenting in a university ecosystem: an agent-based simulation approach," The Journal of Technology Transfer, Springer, vol. 44(2), pages 434-461, April.
    7. Munari, Federico & Sobrero, Maurizio & Toschi, Laura, 2018. "The university as a venture capitalist? Gap funding instruments for technology transfer," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 70-84.
    8. Youngjae Choi & Sanghyun Park & Sungjoo Lee, 2021. "Identifying emerging technologies to envision a future innovation ecosystem: A machine learning approach to patent data," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(7), pages 5431-5476, July.
    9. Elisa Barbieri & Lauretta Rubini & Chiara Pollio & Alessandra Micozzi, 2018. "What are the trade-offs of academic entrepreneurship? An investigation on the Italian case," The Journal of Technology Transfer, Springer, vol. 43(1), pages 198-221, February.
    10. Paola Giuri & Rosa Grimaldi & Anna Kochenkova & Federico Munari & Laura Toschi, 2020. "The effects of university-level policies on women’s participation in academic patenting in Italy," The Journal of Technology Transfer, Springer, vol. 45(1), pages 122-150, February.
    11. Charlotta Dahlborg & Danielle Lewensohn & Rickard Danell & Carl Johan Sundberg, 2017. "To invent and let others innovate: a framework of academic patent transfer modes," The Journal of Technology Transfer, Springer, vol. 42(3), pages 538-563, June.
    12. Ruslan Galiakhmetov & Paola Giuri & Federico Munari, 2018. "How To Enhance Patent Commercialisation? An Analysis Of Patent Aggregators In Europe," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(04), pages 1-30, May.
    13. Federico Munari & Martina Pasquini & Laura Toschi, 2015. "From the lab to the stock market? The characteristics and impact of university-oriented seed funds in Europe," The Journal of Technology Transfer, Springer, vol. 40(6), pages 948-975, December.
    14. Halilem, Norrin & Amara, Nabil & Olmos-Peñuela, Julia & Mohiuddin, Muhammad, 2017. "“To Own, or not to Own?” A multilevel analysis of intellectual property right policies' on academic entrepreneurship," Research Policy, Elsevier, vol. 46(8), pages 1479-1489.
    15. Christos Kalantaridis & Merle Küttim, 2021. "University ownership and information about the entrepreneurial opportunity in commercialisation: a systematic review and realist synthesis of the literature," The Journal of Technology Transfer, Springer, vol. 46(5), pages 1487-1513, October.
    16. Wenjing Wang & Yiwei Liu, 2022. "Industrial funding and university technology transfer: the moderating role of intellectual property rights enforcement," The Journal of Technology Transfer, Springer, vol. 47(5), pages 1549-1572, October.
    17. Noh, Heeyong & Lee, Sungjoo, 2020. "What constitutes a promising technology in the era of open innovation? An investigation of patent potential from multiple perspectives," Technological Forecasting and Social Change, Elsevier, vol. 157(C).

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