|fulltext etc.||no fulltext attached|
In the knowledge economy, the importance of Intellectual Property
Rights (IPR) increases constantly. This raises the question of the
optimal allocation of IPR where market mechanisms can play a
The study on behalf of the European Commission investigated a potential approach for the establishment of a financial market for IPR in Europe.
The IPR Market comprises two components, the IPR Asset Market and the IPR Financial Market. In the IPR Asset Market, patent sales and licensing transactions are conducted which may occur both directly and indirectly. Indirect transactions are conducted via brokers, dealers and vehicles (e.g., funds, companies, special purpose vehicles, etc.) which are the link to the IPR Financial Market.
In the IPR Financial Market, these vehicles create financial products (shares, bonds, etc.) which investors can purchase. The primary market is created there when the product or vehicle issues shares, bonds, etc., whereas the secondary market arises as soon as these financial products can be traded between different investors.
The study may be downloaded via Competence Center IP Management at the Institute of Technology Management of the University of St.Gallen
|type||case study (English)|
Patent Exploitation, Technology Transfer, Financial Markets
|project||Creating a financial market for intellectual property rights|
|date of appearance||2012|
|profile area||SoM - Business Innovation|
|citation||Bader, M. A., Gassmann, O., Jha, P., Liegler, F., Maicher, L., Posselt, T., Preissler, S., Rüther, F., & Wabra, S. (2012). Creating a financial market for IPR: European Commission.|