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Evolving properties of intellectual capitalism

Patents and Innovations for Growth and Welfare

Ove Granstrand

Intellectual capitalism is evolving, driving and driven by technological innovations and various forms of entrepreneruship. The purpose of this eagerly anticipated book is to analyze the linkages between R & D, patents, innovations, entrepreneurship and growth. Based on a large array of national empirical and policy studies, it elaborates on a comprehensive range of innovation and IP issues that are pertinent not only to Europe but to the world as a whole. These issues include the role of patents and licensing in the governance of technology and innovation, and the various uses and abuses of patents. It further elaborates on new IP phenomena in an increasingly patent-intensive world with patent-rich multinationals and patent-savvy new entrants from Asia. In a world facing challenges that call for innovative responses, the book contains a set of valuable policy recommendations for strengthening innovativeness for economic growth and ultimately for social value creation.
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Chapter 10: Transnational policy recommendations and policy issues

Ove Granstrand

Extract

International applicability of the general as well as the special innovation and IP policy recommendations from the national investigation was fairly high, with some exceptions, in line with international policy convergence. A number of important new phenomena and policy issues were found and probed, such as various uses and abuses of the IPR system, NPEs, standards and patents, the emerging market for IP control and patent auctions, IP in open innovation collaborations, the IP assembly and disassembly problem, IP-based “evergreening” and multi-protection, IP litigation, use of IPRs for tax planning, IP volunteering and IP donations, IP in NPFs, and private ordering through extra-legal IPRs. These phenomena also illustrated how IPRs could be used for innovation governance, complemented by extra-legal IPRs, liability rules and organizational responsibilities, calling for micro-legal reengineering of the patent right bundle and its sub-rights. Various new phenomena and growing uses, abuses and misfits of the IPR system after the emergence of intellectual capitalism and the advent of the pro-IP era call for much further research and about 30 research questions were identified and suggested.

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