Time to patent at the USPTO: the case of emerging entrepreneurial firms

Kenneth Zahringer (), Christos Kolympiris () and Nicholas Kalaitzandonakes ()
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Kenneth Zahringer: University of Missouri
Christos Kolympiris: University of Bath
Nicholas Kalaitzandonakes: University of Missouri

The Journal of Technology Transfer, 2018, vol. 43, issue 4, 923-952

Abstract: Abstract In this paper we establish facts about the time it takes to process patent applications submitted by emerging entrepreneurial firms in high technology areas in the US. These facts, subsequently, inform our understanding of the strategic decisions made by entrepreneurial firms when it comes to expedite or delay the patent application process. Empirically, we exploit data describing more than 15,000 patents granted across time to 910 life sciences firms that won grants from the Small Business Innovation Research program. The econometric evidence is consistent with the argument that the cohort of entrepreneurial firms we study has adopted a strategic choice to maintain patent applications pending for prolonged times. We also find that examiners, patent attorneys, USPTO workload as well as application-specific features influence the time length of patent pendency.

Keywords: Patent pendency; Backlog; Emerging firms; Life sciences; USPTO; SBIR (search for similar items in EconPapers)
JEL-codes: C41 L2 O32 O34 O38 (search for similar items in EconPapers)
Date: 2018
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