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

Author

Listed:
  • 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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Suggested Citation

  • Bruno Van Pottelsberghe & Eleftherios Sapsalis & Ran Navon, 2006. "Academic vs. industry patenting: an in-depth analysis of what determines patent value," ULB Institutional Repository 2013/6197, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:ulb:ulbeco:2013/6197
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Nicolas van Zeebroeck, 2011. "The puzzle of patent value indicators," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(1), pages 33-62.
    2. Yannu Zheng & Olof Ejermo, 2015. "How do the foreign-born perform in inventive activity? Evidence from Sweden," Journal of Population Economics, Springer;European Society for Population Economics, pages 659-695.
    3. Nicolas van Zeebroeck, 2007. "Patents only live twice: a patent survival analysis in Europe," Working Papers CEB 07-028.RS, ULB -- Universite Libre de Bruxelles.
    4. Munari, Federico & Toschi, Laura, 2014. "Running ahead in the nanotechnology gold rush. Strategic patenting in emerging technologies," Technological Forecasting and Social Change, Elsevier, vol. 83(C), pages 194-207.
    5. Nicolas van Zeebroeck & Bruno Van Pottelsberghe & Dominique Guellec, 2008. "Patents and Academic Research: A State of the Art," Working Papers CEB 08-013.RS, ULB -- Universite Libre de Bruxelles.
    6. 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, pages 553-564.
    7. Chang, Shu-Hao & Fan, Chin-Yuan, 2016. "Identification of the technology life cycle of telematics: A patent-based analytical perspective," Technological Forecasting and Social Change, Elsevier, vol. 105(C), pages 1-10.
    8. Raffo, Julio & Lhuillery, Stéphane, 2009. "How to play the "Names Game": Patent retrieval comparing different heuristics," Research Policy, Elsevier, pages 1617-1627.
    9. Grimaldi, Michele & Cricelli, Livio & Di Giovanni, Martina & Rogo, Francesco, 2015. "The patent portfolio value analysis: A new framework to leverage patent information for strategic technology planning," Technological Forecasting and Social Change, Elsevier, vol. 94(C), pages 286-302.
    10. Han, Xue & Niosi, Jorge, 2016. "Star scientists in PV technology and the limits of academic entrepreneurship," Journal of Business Research, Elsevier, vol. 69(5), pages 1707-1711.
    11. Leydesdorff, Loet & Wagner, Caroline, 2009. "Macro-level indicators of the relations between research funding and research output," Journal of Informetrics, Elsevier, vol. 3(4), pages 353-362.
    12. Christian Fisch & Tobias Hassel & Philipp Sandner & Joern Block, 2015. "University patenting: a comparison of 300 leading universities worldwide," The Journal of Technology Transfer, Springer, vol. 40(2), pages 318-345, April.
    13. Kim, Bongsun & Kim, Eonsoo & Miller, Douglas J. & Mahoney, Joseph T., 2016. "The impact of the timing of patents on innovation performance," Research Policy, Elsevier, pages 914-928.
    14. repec:eee:tefoso:v:120:y:2017:i:c:p:271-283 is not listed on IDEAS
    15. repec:spr:scient:v:104:y:2015:i:1:d:10.1007_s11192-015-1604-8 is not listed on IDEAS

    More about this item

    JEL classification:

    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • 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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