Academic vs. industry patenting: an in-depth analysis of what determines patent value
Bruno van Pottelsberghe de la Potterie,
Eleftherios Sapsalis () and
No 05-008.RS, Working Papers CEB from ULB -- Universite Libre de Bruxelles
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)
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Published by: Centre Emile Bernheim, Bruxelles
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Working Paper: Academic vs. industry patenting: an in-depth analysis of what determines patent value (2006)
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