Patents as Collateral

Amable, Bruno; Chatelain, Jean–Bernard; Ralf, Kirsten

doi:10.2139/ssrn.2227111

Cited by 13 publications

(9 citation statements)

References 38 publications

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“…Recorded assignments may offer other research opportunities. These data may improve the accuracy of preexisting approaches for studying patent ownership (Griffith, Miller, & O'Connell, ), how patents are used to secure financial obligations (Amable, Chatelian, & Ralf, ; Brassell & King, ; Hochberg, Serrano, & Ziedonis, ; Loumioti, ; Mann, ), are licensed (Galasso & Schankerman, ; Zuniga & Guellec, ), or are litigated (Lanjouw & Schankerman, ; Schankerman & Galasso, ). Moreover, recorded assignments offer a window into how “chain‐of‐title” develops (the sequence of transfers over time), thus providing opportunities to enrich prior research on relationships between conveying and receiving parties (e.g., small to large—Figuero & Serrano, ; foreign to domestic—McAleer, Chan, & Marinova, ; faculty to university—Thursby, Fuller, & Thursby, ; funded scientists to sponsors—Aldridge & Audretsch, ; practicing to nonpracticing entities—Fischer & Henkel, ) and complementarities in and spillovers from mergers (Marco & Rausser, ).…”

Section: Prior Literaturementioning

confidence: 99%

Patent transactions in the marketplace: Lessons from the USPTO Patent Assignment Dataset

Graham

Marco

Myers

2018

Economics Manag Strategy

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Transaction records involving U.S. patent documents have been maintained by the United States Patent and Trademark Office (USPTO) for over 40 years, but have not been extensively used by scholars. One explanation is that these data have not been in a form amenable for research. To help remedy this deficiency and to foster scholarship, the USPTO Office of Chief Economist is curating internal agency records to release a series of datasets in research-ready formats. This article describes the USPTO Patent Assignment Dataset (UPAD), a relational database of roughly 6 million assignments, licenses, securitizations, and other conveyances involving about 10 million U.S. patents and patent applications, recorded 1970-2014. To promote research uses, this article provides a comprehensive data description and presents stylized facts derived from the records. Although this article discusses several limitations inherent in using these data, the release of the UPAD creates opportunities to conduct original research, particularly relating to intellectual property collateralization and the markets for technology and innovation.

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Section: Prior Literaturementioning

confidence: 99%

Patent transactions in the marketplace: Lessons from the USPTO Patent Assignment Dataset

Graham

Marco

Myers

2018

Economics Manag Strategy

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“…Second, patents materialize the value of knowledge stock: they codify the knowledge and make it tradable, such that they can be used as collaterals. Recent theoretical evidence by Amable et al (2010) suggests that a systematic use of patents as collateral would allow a high growth rate of innovations despite financial constraints. However, one has to admit that patents are difficult to trade.…”

Section: Patents and The Financing Of Innovationmentioning

confidence: 99%

How SMEs exploit their intellectual property assets: evidence from survey data

Rassenfosse

2011

Small Bus Econ

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This paper seeks to understand how motives to patent affect the use of the patent portfolio with a particular focus on motives aimed at the monetization of intellectual property (IP). The analysis relies on data from an international survey conducted by the European Patent Office (EPO). The main results can be summarized as follows. First, small and medium-sized enterprises (SMEs) exhibit a much stronger reliance on 'monetary patents' than large companies and nearly half of the SMEs in the sample patent for monetary reasons. Second, SMEs tend to use their patents more actively than large firms. Third, smaller companies generally have a higher proportion of their portfolio that is licensed but the licensing rate is significantly higher in the U.S. An American SME is twice as likely as a European SME to have a high share of its portfolio that is actually licensed, witnessing a fragmented market for technology in Europe.

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“…A growing stream of the literature highlights the role of patents as signals of quality and commercial viability (e.g., Baum & Silverman, 2004;Engel & Keilbach, 2007;Hsu & Ziedonis, 2013;Conti, Thursby, & Thursby, 2013). Furthermore, patents can act as a form of collateral of firms' intangible assets (Amable, Chatelain, & Ralf, 2010) increasing the "salvage value" of funded companies, in case the investment proves to be unsuccessful.…”

Section: Vc-backed Start-upsmentioning

confidence: 99%

A portrait of innovative start-ups across countries

Breschi¹,

Lassébie²,

Menon

2018

OECD Science, Technology and Industry Working Papers

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OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author(s). Working Papers describe preliminary results or research in progress by the author(s) and are published to stimulate discussion on a broad range of issues on which the OECD works. Comments on Working Papers are welcomed, and may be sent to

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Patents as Collateral

Cited by 13 publications

References 38 publications

Patent transactions in the marketplace: Lessons from the USPTO Patent Assignment Dataset

Patent transactions in the marketplace: Lessons from the USPTO Patent Assignment Dataset

How SMEs exploit their intellectual property assets: evidence from survey data

A portrait of innovative start-ups across countries

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