Intellectual Property Commercialization

Policy Options and Practical Instruments

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Innovation is the key driver of economic growth and development. A well-balanced, affordable and reliable system of intellectual property rights is needed to protect the — often large and highly risky — investments of innovative and creative companies against potential imitators and thereby provide key incentives to undertake such investments in the first place. Countries with economies in transition face particular challenges to integrate into global production networks and to find their own niche in the increasingly global value chains. This publication discusses intellectual property management and focuses on the challenges that research organizations and small/medium enterprises face in using the intellectual property system, particularly in transition countries, and on the policy options available to support them.



Creating an enabling environment for the transfer of technology from research institutions to the business sector

Historians of science tell us that we are witnessing ‘a paradigm shift’ in the way companies and public research organizations (PROs) commercialize knowledge. Likewise, innovation research indicates that the way we innovate or take new ideas to market is undergoing a fundamental change from a model of closed innovation to one of open innovation. Whereas the former model was directed by the notion that in order to prevent competitors profiting from its ideas, an organization must have full control of its intellectual property, the open model is built on the notion that organizations can benefit from others’ use of their intellectual property, and they should buy or license others’ intellectual property whenever it advances their own business model.


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