Markets for technology: How an organized patent market can improve technology transfer
Type
conference paper
Date Issued
2015-04-16
Author(s)
Abstract
Patent trade has attracted increasing attention from practitioners as patents gain in importance as a means to technology trading. However, this topic is still widely neglected in the academic literature. A market is required for trade to occur. The better a market is organized, the more likely demands and offers will be met. We found that no organized market for patents has yet evolved. Because the structuring of this market may contribute to economic growth and the achievement of technology policy goals, we develop the framework for an organized patent market. The empirical data presented and discussed was collected by semi-structured interviews among 58 experts in the field of intellectual property rights and secondary data analysis. We identified limitations in the current patent market that can be addressed by the concept of an organized patent market consisting of the Patent Asset Market and the Patent Financial Market. We found that an organized patent market creates value by enhancing market transparency, improving resource allocation, and providing an additional source of innovation funding
Language
English
Keywords
Intellectual property (IP)
Markets for technology
Patents
Patent commercialization
Patent intermediaries
Patent investment funds
HSG Classification
contribution to scientific community
Refereed
No
Start page
17
Event Title
Financing Knowledge Transfer in Europe (FinKT) 2015
Event Location
Rimini
Event Date
16.-17.04.2015
Subject(s)
Division(s)
Eprints ID
241818