What determines university patent commercialization? Empirical evidence on the role of IPR ownership
What determines university patent commercialization? Empirical evidence on the role of IPR ownership
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 ?led with the European Patent Of?ce 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.
academic patenting, technology transfer, intellectual property rights
488-502
Giuri, Paola
b9f07f3e-328d-481e-9901-4d7edd42530c
Munari, Federico
397c91bf-c046-4551-9a88-1d915c53e55e
Pasquini, Martina
f67ada76-4eb0-4a2e-b6fb-f52b33417fe2
September 2013
Giuri, Paola
b9f07f3e-328d-481e-9901-4d7edd42530c
Munari, Federico
397c91bf-c046-4551-9a88-1d915c53e55e
Pasquini, Martina
f67ada76-4eb0-4a2e-b6fb-f52b33417fe2
Giuri, Paola, Munari, Federico and Pasquini, Martina
(2013)
What determines university patent commercialization? Empirical evidence on the role of IPR ownership.
Industry and Innovation, 20 (5), .
(doi:10.1080/13662716.2013.824195).
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 ?led with the European Patent Of?ce 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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Published date: September 2013
Keywords:
academic patenting, technology transfer, intellectual property rights
Organisations:
Strategy, Innovation & Entrepreneurship
Identifiers
Local EPrints ID: 361987
URI: http://eprints.soton.ac.uk/id/eprint/361987
ISSN: 1366-2716
PURE UUID: 2f3263fd-ffa8-4f6d-a59f-948e9e69ae57
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Date deposited: 10 Feb 2014 16:32
Last modified: 14 Mar 2024 15:59
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Contributors
Author:
Paola Giuri
Author:
Federico Munari
Author:
Martina Pasquini
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