Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth
This paper outlines and evaluates several intellectual property monetization strategies available to patent holders in developing countries that help generate domestic innovation and knowledge-driven growth by promoting more active technology marke...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/07/16535409/promoting-intellectual-property-monetization-developing-countries-review-issues-strategies-support-knowledge-driven-growth http://hdl.handle.net/10986/12005 |
| Summary: | This paper outlines and evaluates
several intellectual property monetization strategies
available to patent holders in developing countries that
help generate domestic innovation and knowledge-driven
growth by promoting more active technology markets. Based on
a review of World Intellectual Property Report indicators,
the patent ownership gap between a sample of developed and
developing countries has narrowed gradually for more
technologically-sophisticated developing countries. However,
based on complementary International Monetary Fund Balance
of Payments data, the patent commercialization divide (as
indicated by licensing income) has been widening. The paper
argues that patents, and all forms of intellectual property,
are an enabling mechanism rather than a defensive right: an
intangible asset class that can be proactively nurtured and
managed for greater value extraction to stimulate
knowledge-based entrepreneurship and growth in developing
countries. The paper presents multiple case studies of
alternative monetization strategies to address the
commercialization divide. These strategies range from
private, market-driven options to those requiring a greater
amount of public policy support: from patent securitization
and patent exchanges (focusing on the United
States-initiated Intellectual Property Exchange
International and the Shanghai Silicon Intellectual Property
Exchange), to the strengthening of technology transfer and
commercialization infrastructure (focusing on the experience
of the Association of University Technology Managers and
Taiwan, China's Intellectual Property Rights
Institute), to patent litigation support (including South
Korea's support of patent infringement lawsuit costs
for small and medium enterprises). The paper also highlights
areas where further policy research would be helpful. |
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