Financing technology transfer

Jacques Darcy (), Helmut Krämer-Eis (), Dominique Guellec () and Olivier Debande ()
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Jacques Darcy: European Investment Fund
Helmut Krämer-Eis: European Investment Fund
Dominique Guellec: Organisation for Economic Co-operation and Development
Olivier Debande: European Investment Bank

No 10/2009, EIB Papers from European Investment Bank, Economics Department

Abstract: Global policy discussions increasingly focus on innovation and the knowledge economy as a driver of long-term growth. In parallel new forms of innovation processes are emerging, notably open innovation and innovation networks stressing the importance of connections between various stakeholders. Links between universities and the business sector are of particular importance as many inventions come out of universities but have to be further developed to become economically relevant innovations. New financing instruments and attracting private investors to technology transfer (TT) are necessary but difficult as the patterns of risk and information in this “in-between area” is complex: Technology is not basic anymore and it requires large amounts of capital to be scaled up – with uncertain market prospects. This paper addresses new financial instruments for TT, building on European Investment Fund’s experience in this field.

Keywords: Technology Transfer; Financing; Innovation; Commercialisation; Funding gap; Patents; Licensing; Intellectual Property (search for similar items in EconPapers)
JEL-codes: O30 O31 O32 O34 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2009-12-23
New Economics Papers: this item is included in nep-ino and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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