Promoting Intellectual Property Monetization in Developing Countries: A Review of Issues and Strategies to Support Knowledge-Driven Growth

32 Pages Posted: 20 Apr 2016

See all articles by Roya Ghafele

Roya Ghafele

University of Oxford - Oxford Intellectual Property Research Centre (OIPRC)

Benjamin Gibert

affiliation not provided to SSRN

Date Written: July 1, 2012

Abstract

This paper outlines and evaluates several intellectual property monetization strategies available to patent holders in developing countries that help generate domestic innovation and knowledge-driven growth by promoting more active technology markets. Based on a review of World Intellectual Property Report indicators, the patent ownership gap between a sample of developed and developing countries has narrowed gradually for more technologically-sophisticated developing countries. However, based on complementary International Monetary Fund Balance of Payments data, the patent commercialization divide (as indicated by licensing income) has been widening. The paper argues that patents, and all forms of intellectual property, are an enabling mechanism rather than a defensive right: an intangible asset class that can be proactively nurtured and managed for greater value extraction to stimulate knowledge-based entrepreneurship and growth in developing countries. The paper presents multiple case studies of alternative monetization strategies to address the commercialization divide. These strategies range from private, market-driven options to those requiring a greater amount of public policy support: from patent securitization and patent exchanges (focusing on the United States-initiated Intellectual Property Exchange International and the Shanghai Silicon Intellectual Property Exchange), to the strengthening of technology transfer and commercialization infrastructure (focusing on the experience of the Association of University Technology Managers and Taiwan, China's Intellectual Property Rights Institute), to patent litigation support (including South Korea's support of patent infringement lawsuit costs for small and medium enterprises). The paper also highlights areas where further policy research would be helpful.

Keywords: E-Business, Technology Industry, ICT Policy and Strategies, Debt Markets, Real & Intellectual Property Law

Suggested Citation

Ghafele, Roya and Gibert, Benjamin, Promoting Intellectual Property Monetization in Developing Countries: A Review of Issues and Strategies to Support Knowledge-Driven Growth (July 1, 2012). World Bank Policy Research Working Paper No. 6143. Available at SSRN: https://ssrn.com/abstract=2116141

Roya Ghafele (Contact Author)

University of Oxford - Oxford Intellectual Property Research Centre (OIPRC) ( email )

St. Peter's College
New Inn Hall Street
Oxford, OX1 2DL
United Kingdom

Benjamin Gibert

affiliation not provided to SSRN

Register to save articles to
your library

Register

Paper statistics

Downloads
160
rank
174,535
Abstract Views
583
PlumX Metrics