IPRIA Working Paper Series
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Intellectual Property Research Institute of Australia Working Paper No. 03/2009 Do Patents Matter for Commercialization? by Elizabeth Webster and Paul H. Jensen Date: March 2009 Abstract: This paper estimates the effects of a patent title on the likelihood that an attempt will be made to commercialize an invention using survey data on 3700 Australian inventions. We find that possession of a patent title raises the probability of attempting to license or transfer to a spin-off company, attempting mass production and actually exporting by between 2 to 8 percentage points. The evidence implies that a patent title has the greatest effect for the decision to license or transfer the invention to a spin-off company in the highly codified pharmaceutical technologies. Over and above these effects, there is a small patent effect on the commercialisation decision by entities which would appear to lack complementary manufacturing and marketing capabilities (public research organisations, SMEs and individuals). Downloads: PDF [249K] |
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