Title: Patent value indicators as proxy for commercial value of inventions

Authors: Rahul Kapoor; Matti Karvonen; Tuomo Kässi

Addresses: Department of Industrial Engineering and Management, Lappeenranta University of Technology, Lappeenranta, FI – 53851, Finland ' Technology Business Research Center, Lappeenranta University of Technology, Lappeenranta, FI – 53851, Finland ' Department of Industrial Engineering and Management, Lappeenranta University of Technology, Lappeenranta, FI – 53851, Finland

Abstract: This paper presents a theoretical analysis of patent value as perceived by different stakeholders in the innovation lifecycle. Data is collected using semi-structured interviews with inventors, technology transfer personnel, patent attorneys, consultants and examiners. Views are presented for the most common patent value indicators. A value indicator framework is developed for different stages in the patenting procedure. The paper contributes to a better understanding of value determinants' impact on the value of patent rights. Results indicate that different value indicators are perceived differently by various stakeholders. More robust indicators can be developed by combining market data and customer knowledge.

Keywords: patent value indicators; patent valuation; patent research; commercial value; inventions; patents.

DOI: 10.1504/IJIPM.2013.056242

International Journal of Intellectual Property Management, 2013 Vol.6 No.3, pp.217 - 232

Received: 23 Apr 2013
Accepted: 23 Apr 2013
Published online: 31 Mar 2014 *

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