Intellectual Property Commercialization

Policy Options and Practical Instruments

image of Intellectual Property Commercialization
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.



Commercialization of intellectual assets

This chapter explains the commercialization process and the role of IPRs in that process. Intellectual property may be commercialized by sale or assignment, or by entering into various types of contractual business relationships such as licensing. The business vehicle by which this is done may be by way of partnership, joint venture or spin-off company. IPRs play a crucial role as the legal vehicle through which either the transfer of knowledge or the contractual relationship is effected. Alternatively, knowledge may be exploited in-house, in which case the role of IPRs is to block imitating competition.


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