The present research examines how to improve the effectiveness of markets for university inventions from a demand side perspective. Specifically, it is examined whether and how the likelihood that university patents are purchased by companies is dependent upon the characteristics of patents' underlying knowledge. Two knowledge characteristics are analysed, i.e., knowledge breadth and knowledge maturity. Furthermore, the moderating effect of the level of scientific knowledge is further considered. On the basis of a sample of 1,222 university patents related to the biotechnology sector and registered at the US Patent and Trademark Office, this study outlines that knowledge breadth is curvilinearly related (inverted U-shaped) to the likelihood that academic patents are bought by firms, whereas knowledge maturity has a negative effect. Moreover, the level of scientific knowledge positively moderates the influence of knowledge breadth when it is at a low/moderate level, while it exerts a negative moderating effect when knowledge breadth is at a high level. Instead, the effect of knowledge maturity becomes stronger when university patents are based upon scientific knowledge.

Markets for university inventions: The role of patents' underlying knowledge in university-to-industry technology commercialisation / Ardito, Lorenzo. - In: INTERNATIONAL JOURNAL OF TECHNOLOGY MANAGEMENT. - ISSN 0267-5730. - STAMPA. - 78:1-2(2018), pp. 9-27. [10.1504/IJTM.2018.093934]

Markets for university inventions: The role of patents' underlying knowledge in university-to-industry technology commercialisation

Lorenzo Ardito
2018-01-01

Abstract

The present research examines how to improve the effectiveness of markets for university inventions from a demand side perspective. Specifically, it is examined whether and how the likelihood that university patents are purchased by companies is dependent upon the characteristics of patents' underlying knowledge. Two knowledge characteristics are analysed, i.e., knowledge breadth and knowledge maturity. Furthermore, the moderating effect of the level of scientific knowledge is further considered. On the basis of a sample of 1,222 university patents related to the biotechnology sector and registered at the US Patent and Trademark Office, this study outlines that knowledge breadth is curvilinearly related (inverted U-shaped) to the likelihood that academic patents are bought by firms, whereas knowledge maturity has a negative effect. Moreover, the level of scientific knowledge positively moderates the influence of knowledge breadth when it is at a low/moderate level, while it exerts a negative moderating effect when knowledge breadth is at a high level. Instead, the effect of knowledge maturity becomes stronger when university patents are based upon scientific knowledge.
2018
Markets for university inventions: The role of patents' underlying knowledge in university-to-industry technology commercialisation / Ardito, Lorenzo. - In: INTERNATIONAL JOURNAL OF TECHNOLOGY MANAGEMENT. - ISSN 0267-5730. - STAMPA. - 78:1-2(2018), pp. 9-27. [10.1504/IJTM.2018.093934]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11589/204888
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