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Identification of “Valuable” Technologies via Patent Statistics in India: An Analysis Based on Renewal Information

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  • Mohd Shadab Danish

    (BASE University, Bengaluru)

  • Pritam Ranjan

    (IIM Indore)

  • Ruchi Sharma

    (IIM Indore)

Abstract

This study assesses the degree to which the patent attributes can capture the value of patents across discrete and complex innovations. We use the patents applied between 1995 to 2002 and granted on or before December 2018 from the Indian Patent Office. Here the patent renewal information is utilized as a proxy for the patent value. We have used generalized logistic regression model for the impact assessment analysis. The results reveal that the technology classification (i.e., discrete versus complex innovations) play an important role in patent value assessment, and some technologies are significantly different than the others even within the two broader classifications. Moreover, the non-resident patents in India are more likely to have a higher value than the resident patents. The significance pattern among the technological fields suggests that the patenting laws need to be revisited to enhance the efficiency.

Suggested Citation

  • Mohd Shadab Danish & Pritam Ranjan & Ruchi Sharma, 2021. "Identification of “Valuable” Technologies via Patent Statistics in India: An Analysis Based on Renewal Information," BASE University Working Papers 13/2021, BASE University, Bengaluru, India.
    • Handle: RePEc:alj:wpaper:13/2021
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    Keywords

    Patent value; Discrete innovation; Complex innovation; Patent reform; Renewal information Classification-O31; O32; O34;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • 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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