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Creating a financial market for IPR

Martin A. Bader, Oliver Gassmann, Pirjo Jha, Florian Liegler, Lutz Maicher, Thorsten Posselt, Steffen Preissler, Frauke Rüther & Stephan Wabra

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abstract 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 significant role.
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)
   
keywords Patent Exploitation, Technology Transfer, Financial Markets
   
project Creating a financial market for intellectual property rights
date of appearance 2012
publisher European Commission
review not reviewed
   
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.