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Patent as a motivation of starting a new entrepreneurial activity of high potential

Author

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  • Iraklis Goniadis

    () (Department of International Economic Relations & Development, Democritus University of Thrace, University Campus, 61 100, Komotini, Greece)

  • Yannis Goniadis

Abstract

This paper entitled "Patent as a motivation of starting a new entrepreneurial activity of high potential" based on a research that was held by the Greek Industrial Property Organization (O.B.I.), investigates the fate of Patents that the organization granted to residents of the country during the period 1995-2005. Attempts to reveal the ways of exploitation of the patents by the inventors and tries to answer the question whether the patent can be a strong motive for the patentee to start a new venture. The main results summarized as follows: 1) a significant number of patentees started a new business with most of them being optimistic of new job creation, 2) a smaller number of patentees transferred or sold their patent rights to third persons directly contributing to the technological upgrade of established enterprises or, indirectly, to the advancement of entrepreneurship in Greece, 3) the biggest proportion of the patent holders remained inactive, without any exploitation of their patent, alleging several reasons for that.

Suggested Citation

  • Iraklis Goniadis & Yannis Goniadis, 2010. "Patent as a motivation of starting a new entrepreneurial activity of high potential," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 3(1), pages 97-108, July.
  • Handle: RePEc:tei:journl:v:3:y:2010:i:1:p:97-108
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    File URL: http://ijbesar.teiemt.gr/docs/volume3_issue1/patent.pdf
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    More about this item

    Keywords

    Entrepreneurship; Patent Rights; Innovation;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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