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...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2012
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| 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 |
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okr-10986-12005 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CAPITAL ACCESS TO TECHNOLOGY ACCOUNTING ACTIVE MARKETS AMORTIZATION ARBITRATION ASSET CLASS BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE SHEETS BANKRUPTCY BARRIERS TO ENTRY BEST PRACTICES BID BROKERAGE BROKERS BUSINESS COOPERATION BUSINESS INNOVATION BUSINESS MODELS BUSINESS OPERATIONS BUSINESS PARTNERSHIPS BUSINESS PLAN BUSINESS STRATEGIES BUSINESS VALUE BUSINESSES BUYERS CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTLAYS CASH FLOW CASH FLOWS CODES COLLABORATION COMMODITIES COMMODITY COMPETITIVE ADVANTAGES COMPETITIVE INTELLIGENCE COMPETITIVENESS CONSULTING SERVICES COPYRIGHT COPYRIGHTS COUNTRY OF ORIGIN CREDIT RATINGS CURRENCY DEBT DEBT FINANCING DEVELOPING COUNTRIES DEVELOPING COUNTRY DIGITAL DISTRIBUTION CHANNEL DIVERSIFIED PORTFOLIO DOMESTIC MARKET DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC LIBERALIZATION EDUCATIONAL SYSTEMS EFFICIENT MARKET EMERGING ECONOMIES EMERGING MARKETS ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENGINEERING ENGINEERS ENTRY BARRIERS EQUIPMENT EQUITY SECURITIES EXCHANGE RATES EXPENDITURES FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL RISK FINANCIAL SERVICE FINANCIAL SUPPORT FIRM PERFORMANCE FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GLOBAL ECONOMY GLOBALIZATION GOVERNMENT CONTRACTS GOVERNMENT FUNDING GOVERNMENT SUPPORT HARMONIZATION HUMAN RESOURCES IMPACT ASSESSMENT IMPLEMENTATION PROCESS INCOME LEVELS INCOME TAX INDEXES INDUSTRIAL TECHNOLOGY INFLATION INFORMATION ASYMMETRIES INNOVATION INNOVATIONS INSTITUTION INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSTITUTIONAL SUPPORT INSTRUMENT INSURANCE INSURANCE SYSTEM INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTANGIBLES INTELLECTUAL CAPITAL INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY LAW INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL INVESTOR INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVENTION INVENTIONS INVENTORS INVESTOR UNCERTAINTY IP ISSUANCE JOINT VENTURES KNOW-HOW LACK OF TRANSPARENCY LCD LEARNING LEGAL FRAMEWORK LENDER LEVEL OF COMMITMENT LIABILITY LICENSE LICENSE AGREEMENT LICENSE FEES LICENSEE LICENSES LICENSING LINUX LIQUIDITY LLC LOAN LOCAL CAPACITY MANUFACTURING MANUFACTURING INDUSTRY MARKET CAPITALIZATION MARKET DEMAND MARKET ECONOMY MARKET FAILURES MARKET INFRASTRUCTURE MARKET INSTRUMENTS MARKET MECHANISMS MARKETING MATURITY MEDIUM ENTERPRISES MONETARY FUND MONITORING MECHANISMS NECESSARY SKILLS NETWORKS NEW MARKETS NEW TECHNOLOGIES NEW TECHNOLOGY OPEN ACCESS PATENT PATENT APPLICATION PATENT APPLICATIONS PATENT HOLDERS PATENT INFRINGEMENT PATENT LAW PATENT OWNERS PATENT OWNERSHIP PATENT PORTFOLIOS PATENT REFORM PATENT RIGHTS PATENTS PAYMENT DATA POLICY SUPPORT POLITICAL ECONOMY PORTALS PORTFOLIO PORTFOLIOS PRIVATE PARTNERSHIPS PRIVATE SECTOR PRODUCT INNOVATION PROGRAMS PROPERTY RIGHTS PROTECTION PROTOTYPES PUBLISHING R&D R&D SERVICES RESULT RESULTS RETURN RETURNS RISK SHARING ROYALTIES ROYALTY FEES ROYALTY PAYMENTS RULE OF LAW SECONDARY MARKET SECONDARY MARKETS SECURITIES SEMICONDUCTOR SEMICONDUCTOR TECHNOLOGIES SEMICONDUCTOR TECHNOLOGY SEMICONDUCTORS SILICON SMALL BUSINESS SMALL BUSINESSES STANDARDIZATION STOCKS STRATEGIC VALUE TAX TECHNICAL KNOWLEDGE TECHNOLOGICAL CAPABILITIES TECHNOLOGICAL CAPABILITY TECHNOLOGICAL INFRASTRUCTURE TECHNOLOGY DEVELOPMENT TECHNOLOGY MANAGEMENT TECHNOLOGY PARKS TECHNOLOGY TRANSFER TRADEMARKS TRADING TRAINING COURSES TRANCHE TRANCHES TRANSACTION TRANSISTOR TRANSPARENCY TREATY TURNOVER TURNOVER RATES USES VALUATION VALUATION STANDARDS WEB |
| spellingShingle |
ACCESS TO CAPITAL ACCESS TO TECHNOLOGY ACCOUNTING ACTIVE MARKETS AMORTIZATION ARBITRATION ASSET CLASS BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE SHEETS BANKRUPTCY BARRIERS TO ENTRY BEST PRACTICES BID BROKERAGE BROKERS BUSINESS COOPERATION BUSINESS INNOVATION BUSINESS MODELS BUSINESS OPERATIONS BUSINESS PARTNERSHIPS BUSINESS PLAN BUSINESS STRATEGIES BUSINESS VALUE BUSINESSES BUYERS CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTLAYS CASH FLOW CASH FLOWS CODES COLLABORATION COMMODITIES COMMODITY COMPETITIVE ADVANTAGES COMPETITIVE INTELLIGENCE COMPETITIVENESS CONSULTING SERVICES COPYRIGHT COPYRIGHTS COUNTRY OF ORIGIN CREDIT RATINGS CURRENCY DEBT DEBT FINANCING DEVELOPING COUNTRIES DEVELOPING COUNTRY DIGITAL DISTRIBUTION CHANNEL DIVERSIFIED PORTFOLIO DOMESTIC MARKET DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC LIBERALIZATION EDUCATIONAL SYSTEMS EFFICIENT MARKET EMERGING ECONOMIES EMERGING MARKETS ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENGINEERING ENGINEERS ENTRY BARRIERS EQUIPMENT EQUITY SECURITIES EXCHANGE RATES EXPENDITURES FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL RISK FINANCIAL SERVICE FINANCIAL SUPPORT FIRM PERFORMANCE FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GLOBAL ECONOMY GLOBALIZATION GOVERNMENT CONTRACTS GOVERNMENT FUNDING GOVERNMENT SUPPORT HARMONIZATION HUMAN RESOURCES IMPACT ASSESSMENT IMPLEMENTATION PROCESS INCOME LEVELS INCOME TAX INDEXES INDUSTRIAL TECHNOLOGY INFLATION INFORMATION ASYMMETRIES INNOVATION INNOVATIONS INSTITUTION INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSTITUTIONAL SUPPORT INSTRUMENT INSURANCE INSURANCE SYSTEM INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTANGIBLES INTELLECTUAL CAPITAL INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY LAW INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL INVESTOR INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVENTION INVENTIONS INVENTORS INVESTOR UNCERTAINTY IP ISSUANCE JOINT VENTURES KNOW-HOW LACK OF TRANSPARENCY LCD LEARNING LEGAL FRAMEWORK LENDER LEVEL OF COMMITMENT LIABILITY LICENSE LICENSE AGREEMENT LICENSE FEES LICENSEE LICENSES LICENSING LINUX LIQUIDITY LLC LOAN LOCAL CAPACITY MANUFACTURING MANUFACTURING INDUSTRY MARKET CAPITALIZATION MARKET DEMAND MARKET ECONOMY MARKET FAILURES MARKET INFRASTRUCTURE MARKET INSTRUMENTS MARKET MECHANISMS MARKETING MATURITY MEDIUM ENTERPRISES MONETARY FUND MONITORING MECHANISMS NECESSARY SKILLS NETWORKS NEW MARKETS NEW TECHNOLOGIES NEW TECHNOLOGY OPEN ACCESS PATENT PATENT APPLICATION PATENT APPLICATIONS PATENT HOLDERS PATENT INFRINGEMENT PATENT LAW PATENT OWNERS PATENT OWNERSHIP PATENT PORTFOLIOS PATENT REFORM PATENT RIGHTS PATENTS PAYMENT DATA POLICY SUPPORT POLITICAL ECONOMY PORTALS PORTFOLIO PORTFOLIOS PRIVATE PARTNERSHIPS PRIVATE SECTOR PRODUCT INNOVATION PROGRAMS PROPERTY RIGHTS PROTECTION PROTOTYPES PUBLISHING R&D R&D SERVICES RESULT RESULTS RETURN RETURNS RISK SHARING ROYALTIES ROYALTY FEES ROYALTY PAYMENTS RULE OF LAW SECONDARY MARKET SECONDARY MARKETS SECURITIES SEMICONDUCTOR SEMICONDUCTOR TECHNOLOGIES SEMICONDUCTOR TECHNOLOGY SEMICONDUCTORS SILICON SMALL BUSINESS SMALL BUSINESSES STANDARDIZATION STOCKS STRATEGIC VALUE TAX TECHNICAL KNOWLEDGE TECHNOLOGICAL CAPABILITIES TECHNOLOGICAL CAPABILITY TECHNOLOGICAL INFRASTRUCTURE TECHNOLOGY DEVELOPMENT TECHNOLOGY MANAGEMENT TECHNOLOGY PARKS TECHNOLOGY TRANSFER TRADEMARKS TRADING TRAINING COURSES TRANCHE TRANCHES TRANSACTION TRANSISTOR TRANSPARENCY TREATY TURNOVER TURNOVER RATES USES VALUATION VALUATION STANDARDS WEB Ghafele, Roya Gibert, Benjamin Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth |
| geographic_facet |
East Asia and Pacific China Korea, Republic of |
| relation |
Policy Research working paper;no. 6143 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Ghafele, Roya Gibert, Benjamin |
| author_facet |
Ghafele, Roya Gibert, Benjamin |
| author_sort |
Ghafele, Roya |
| title |
Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth |
| title_short |
Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth |
| title_full |
Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth |
| title_fullStr |
Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth |
| title_full_unstemmed |
Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth |
| title_sort |
promoting intellectual property monetization in developing countries : a review of issues and strategies to support knowledge-driven growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
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 |
| _version_ |
1764418647128801280 |
| spelling |
okr-10986-120052021-04-23T14:02:58Z Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven Growth Ghafele, Roya Gibert, Benjamin ACCESS TO CAPITAL ACCESS TO TECHNOLOGY ACCOUNTING ACTIVE MARKETS AMORTIZATION ARBITRATION ASSET CLASS BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE SHEETS BANKRUPTCY BARRIERS TO ENTRY BEST PRACTICES BID BROKERAGE BROKERS BUSINESS COOPERATION BUSINESS INNOVATION BUSINESS MODELS BUSINESS OPERATIONS BUSINESS PARTNERSHIPS BUSINESS PLAN BUSINESS STRATEGIES BUSINESS VALUE BUSINESSES BUYERS CAPABILITIES CAPABILITY CAPACITY BUILDING CAPITAL FLOWS CAPITAL MARKETS CAPITAL OUTLAYS CASH FLOW CASH FLOWS CODES COLLABORATION COMMODITIES COMMODITY COMPETITIVE ADVANTAGES COMPETITIVE INTELLIGENCE COMPETITIVENESS CONSULTING SERVICES COPYRIGHT COPYRIGHTS COUNTRY OF ORIGIN CREDIT RATINGS CURRENCY DEBT DEBT FINANCING DEVELOPING COUNTRIES DEVELOPING COUNTRY DIGITAL DISTRIBUTION CHANNEL DIVERSIFIED PORTFOLIO DOMESTIC MARKET DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC LIBERALIZATION EDUCATIONAL SYSTEMS EFFICIENT MARKET EMERGING ECONOMIES EMERGING MARKETS ENABLING ENVIRONMENT ENFORCEMENT MECHANISMS ENGINEERING ENGINEERS ENTRY BARRIERS EQUIPMENT EQUITY SECURITIES EXCHANGE RATES EXPENDITURES FINANCIAL INSTRUMENTS FINANCIAL MARKET FINANCIAL RISK FINANCIAL SERVICE FINANCIAL SUPPORT FIRM PERFORMANCE FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GLOBAL ECONOMY GLOBALIZATION GOVERNMENT CONTRACTS GOVERNMENT FUNDING GOVERNMENT SUPPORT HARMONIZATION HUMAN RESOURCES IMPACT ASSESSMENT IMPLEMENTATION PROCESS INCOME LEVELS INCOME TAX INDEXES INDUSTRIAL TECHNOLOGY INFLATION INFORMATION ASYMMETRIES INNOVATION INNOVATIONS INSTITUTION INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSTITUTIONAL SUPPORT INSTRUMENT INSURANCE INSURANCE SYSTEM INTANGIBLE INTANGIBLE ASSET INTANGIBLE ASSETS INTANGIBLES INTELLECTUAL CAPITAL INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY LAW INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL INVESTOR INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVENTION INVENTIONS INVENTORS INVESTOR UNCERTAINTY IP ISSUANCE JOINT VENTURES KNOW-HOW LACK OF TRANSPARENCY LCD LEARNING LEGAL FRAMEWORK LENDER LEVEL OF COMMITMENT LIABILITY LICENSE LICENSE AGREEMENT LICENSE FEES LICENSEE LICENSES LICENSING LINUX LIQUIDITY LLC LOAN LOCAL CAPACITY MANUFACTURING MANUFACTURING INDUSTRY MARKET CAPITALIZATION MARKET DEMAND MARKET ECONOMY MARKET FAILURES MARKET INFRASTRUCTURE MARKET INSTRUMENTS MARKET MECHANISMS MARKETING MATURITY MEDIUM ENTERPRISES MONETARY FUND MONITORING MECHANISMS NECESSARY SKILLS NETWORKS NEW MARKETS NEW TECHNOLOGIES NEW TECHNOLOGY OPEN ACCESS PATENT PATENT APPLICATION PATENT APPLICATIONS PATENT HOLDERS PATENT INFRINGEMENT PATENT LAW PATENT OWNERS PATENT OWNERSHIP PATENT PORTFOLIOS PATENT REFORM PATENT RIGHTS PATENTS PAYMENT DATA POLICY SUPPORT POLITICAL ECONOMY PORTALS PORTFOLIO PORTFOLIOS PRIVATE PARTNERSHIPS PRIVATE SECTOR PRODUCT INNOVATION PROGRAMS PROPERTY RIGHTS PROTECTION PROTOTYPES PUBLISHING R&D R&D SERVICES RESULT RESULTS RETURN RETURNS RISK SHARING ROYALTIES ROYALTY FEES ROYALTY PAYMENTS RULE OF LAW SECONDARY MARKET SECONDARY MARKETS SECURITIES SEMICONDUCTOR SEMICONDUCTOR TECHNOLOGIES SEMICONDUCTOR TECHNOLOGY SEMICONDUCTORS SILICON SMALL BUSINESS SMALL BUSINESSES STANDARDIZATION STOCKS STRATEGIC VALUE TAX TECHNICAL KNOWLEDGE TECHNOLOGICAL CAPABILITIES TECHNOLOGICAL CAPABILITY TECHNOLOGICAL INFRASTRUCTURE TECHNOLOGY DEVELOPMENT TECHNOLOGY MANAGEMENT TECHNOLOGY PARKS TECHNOLOGY TRANSFER TRADEMARKS TRADING TRAINING COURSES TRANCHE TRANCHES TRANSACTION TRANSISTOR TRANSPARENCY TREATY TURNOVER TURNOVER RATES USES VALUATION VALUATION STANDARDS WEB 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. 2012-12-21T19:55:04Z 2012-12-21T19:55:04Z 2012-07 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 English en_US Policy Research working paper;no. 6143 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific China Korea, Republic of |