Download This PaperWhy Technology Start-Ups Should Be Paying More Attention to Patents
les Nouvelles - Journal of the Licensing Executives Society, Volume LV No. 2, June 2020
4 Pages Posted: 29 Jun 2020
Date Written: April 22, 2020
Abstract
Technology start-ups are key drivers of innovation. However, patents are often not their priority, especially in Europe. Key reasons for this are their strong focus on rather short-term objectives like winning paying customers and raising money from investors. Other complicating factors are the very divergent timeframes involved in the patent business and in growing a technology start-up with its regular strategy adjustments (pivots).
The best lever to motivate technology start-ups to invest in patent portfolios is through their investors. Therefore, more awareness and insights should be created amongst venture capital firms on the value of patents for their portfolio companies.
Keywords: Technology Start-ups, patents, investors, center for Economic Studies
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