Improving the market for Intellectual Property

Nesta produced a report in the field of Intellectual Property (IP) and specifically on how the IP market can be exploited. 

According to the report, Intellectual property is an important enabler of innovation. Design rights, patents and other IPR encourage innovators to invest their resources, by offering some security that they will garner the benefits. The fact that these rights can be transferred, through licensing or assignment, also means that the processes of creation and invention may be separated from the processes of exploitation.

The tradability of IP also has other benefits, such as the use as collateral for asset-based loans and other financing, which can be of vital assistance for young companies.

However the IP market is assessed as dysfunctional mainly due to the following:

 ·         Low number of participants

 ·         Spatial issues (geographical dispersion)

 ·         Search costs

·         Asymmetric information

·         Transaction costs

The report states as the main solution the improvement of the information flows and the standards for communicating information. This would be a helpful first step, which requires the support of a wide range of IP producers, users and intermediates.

KiNNO has extensive experience in the field of Intellectual Property and Intangible Assets Valorization and offers Support services for the Identification & Visualization of Intangible assets to SMEs. In addition, as a technology transfer broker of the European Space Agency (ESA), KiNNO can support technology transfer and licensing activities through specialized tools of exploitation.

For more information about the report, click here.

For additional information about our services to private companies click here.