Academic Patenting vs. Industry Patenting: An in-depth analysis of what determines patent value

Eleftherios Sapsalis (), Bruno van Pottelsberghe de la Potterie and Ran Navon
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Ran Navon: Solvay Business School, Université Libre de Bruxelles, Brussels

No 05-008.RS, Working Papers CEB from Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB)

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.

Keywords: Patent value; academic patenting; backward citations. (search for similar items in EconPapers)
JEL-codes: L33 O33 O34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino and nep-sog
Date: Written
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http://www.solvay.edu/EN/Research/Bernheim/documents/wp05008.pdf First version, 2005 (application/pdf)

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