Monetization of Intellectual Property: An Open Innovation Perspective

P. M. Rao ()
Additional contact information
P. M. Rao: Long Island University-Post Campus

A chapter in Driving the Economy through Innovation and Entrepreneurship, 2013, pp 341-351 from Springer

Abstract: Abstract Monetization of intellectual property (IP) presents a challenge to firms in a market economy because innovation is expensive to produce and inexpensive to copy. Still, individual firms, in search of supernormal profits, continue to invest in innovation and employ a variety of means to monetize IP. This chapter discusses several forms of monetization—including sale of products, licensing and sale of technologies, and securitization—and suggests the importance of complementary marketing assets for monetization. Finally, this chapter discusses monetization of IP in the context of the emerging open innovation paradigm—in contrast to the vertical integration (VI) model of innovation—with reference to open-source and proprietary software and concludes that there is a trend toward coexistence and convergence between the two.

Keywords: Intellectual Property; Open Innovation; Proprietary Software; Trade Secret; Technology License (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-81-322-0746-7_28

Ordering information: This item can be ordered from
http://www.springer.com/9788132207467

DOI: 10.1007/978-81-322-0746-7_28

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().