Promoting intellectual property monetization in developing countries: a review of issues and strategies to support knowledge-driven growth

Roya Ghafele and Benjamin Gibert

MPRA Paper from University Library of Munich, Germany

Abstract: As IP ownership grows, it is increasingly significant to identify the various mechanisms available to rights holders in developing countries to commercialize their intellectual property rights (IPRs). This study reviews several IP monetization strategies in order to emphasize the ways that IP can be used to generate domestic innovation and growth within developing nations. Essentially, we are asking: what methods enable developing country innovators to commercialize their technology within their own nation and abroad? In doing so, we outline the different commercial tools available to innovators in the developing world in order to monetize patents and foster the diffusion of technology, thus attracting opportunities for joint ventures and other forms of international technological collaboration. This method contrasts with more common approaches that investigate how developing countries can attract Foreign Direct Investment (FDI) from Multinational Corporations (MNCs) through the enforcement mechanisms of a strong IP regime.

Keywords: Intellectual Property Commercialization Divide; Global Licensing Revenues; Patent Securitization; Patent Exchanges; Technology Transfer; Patent Commercialization Ecosystems; Patent Litigation Support (search for similar items in EconPapers)
JEL-codes: O32 O34 (search for similar items in EconPapers)
Date: 2012-07
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-pr~ and nep-knm
References: View references in EconPapers View complete reference list from CitEc
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Published in World Bank Policy Research WPS6143 (2012): pp. 1-29

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