Intellectual Property Management and Technological Entrepreneurship

Willoughby, Kelvin W.

doi:10.1142/s0219877013400270

Cited by 13 publications

(6 citation statements)

References 80 publications

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“…Note: The data set upon which this study is based was also the basis for another study published by the current author [seeWilloughby (2013)]. …”

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confidence: 99%

What impact does intellectual property have on the business performance of technology firms?

Willoughby

2013

IJIPM

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This paper reports the results of an original empirical study of the relationship between intellectual property and the financial performance of technology firms in the bioscience-technology industries. The study found a statistically significant positive relationship between the firms' investments in intellectual property and their performance. The performance measure was based upon revenue-growth data collected from each firm, and the categories of intellectual property analyzed included patents, trade secrets, trademarks, copyright and licenses to externally sourced technology. The study also found that the financial benefits of accumulating a strong intellectual property portfolio were enjoyed by technology firms regardless of whether they were strategically oriented towards R&D or strategically oriented towards the commercial production of products and services. His research and teaching concentrate on the management of intellectual property, technology-based entrepreneurship, and strategic planning for technology-based industry development. He holds doctorates in both strategic management and technology studies, and a master of laws degree in intellectual property law. Professor Willoughby has extensive experience as an educator, researcher, consultant and program leader in the United States, Europe, Asia and Australia, including a variety of university-industry collaboration projects, technology commercialization projects and executive education projects. the production of goods or services-makes any difference to the level and character of the impact of intellectual property on its business performance.

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“…Note: The data set upon which this study is based was also the basis for another study published by the current author [seeWilloughby (2013)]. …”

mentioning

confidence: 99%

What impact does intellectual property have on the business performance of technology firms?

Willoughby

2013

IJIPM

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“…This may take on a variety of forms including relying upon informal approaches such as trade secrets through to formal approaches such as patents and copyrights. The appropriate choice of IP protection can be a function of the technology, industry and internal resources [45], [46].…”

Section: Inbound Open Innovation and Appropriability Regimesmentioning

confidence: 99%

“…Traditionally, the choice of IP appropriability regimes has been contingent upon firm-level factors (such as size) as well as nature of the external partners with which the firm engages [46], [47], [43]. Firms may engage through the use of vertical linkages with suppliers and buyers, horizontal interaction with partners and competitors, or networking with universities and research institutes [48], [49].…”

Section: The Degree Of Openness and The Use Of Ip Appropriability Regmentioning

confidence: 99%

“…While the use of formal protection instruments such as patents, licenses and copyrights is often seen as highly restrictive, these arrangements may actually be seen as active forms of the disclosure of proprietary knowledge to other parties [57], [21], [46]. Such disclosure of protected knowledge represents a kind of voluntary knowledge spillovers, with the aim of transferring complementary knowledge with external parties, including potential competitors [9].…”

Section: The Adoption Of Formal and Informal Ip Protection Arrangemenmentioning

confidence: 99%

“…On the contrary, such arrangements have the direct, specific and intended effect of limiting knowledge flows between firms [46]. While the formal appropriation instruments, discussed above, have counterbalancing impacts, informal methods do not have any knowledge disclosure element [46], and hence would largely limit knowledge exchange and knowledge sharing [21].…”

Section: The Adoption Of Formal and Informal Ip Protection Arrangemenmentioning

confidence: 99%

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Openness and Appropriation: Empirical Evidence From Australian Businesses

Huang

Rice

Galvin

et al. 2014

IEEE Trans. Eng. Manage.

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Abstract:The adoption of open innovation creates a dilemma for firms. On the one hand, a commitment to openness facilitates the flow of knowledge between firms, with this flow (generally) unconstrained by royalties and other appropriation mechanisms. However, openness has also led to unintended knowledge spillovers, limiting firms' abilities to protect their core knowledge. This dilemma has created a need to consider the relationship between openness and firms' appropriability regimes. In order to explore this 'paradox of openness', an investigation of the appropriability regimes adopted by Australian firms through an empirical analysis of innovation-related data from 4,322 businesses was undertaken. It was found that the relationship between two indicators of openness (the breadth of external knowledge sources and the scope of implementing open innovation. In order to benefit from openness, firms need to gradually reduce the control on their intellectual property, particularly in terms of their use of informal appropriability regimes, to promote effective knowledge exchanges. However, managers must balance knowledge sharing and knowledge protection. This balance can be maintained by continually evaluating knowledge flows, both inward and outward, by monitoring and adjusting the appropriability regime portfolio and by carefully developing relationships with external partners to ensure a balanced 'give and take' relationship.

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Starting a Medical Technology Venture as a Young Academic Innovator or Student Entrepreneur

et al. 2017

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Following the footprints of Bill Gates, Steve Jobs and Mark Zuckerberg, there has been a misconception that students are better off quitting their studies to bring to life their ideas, create jobs and monetize their inventions. Having historically transitioned from manpower to mind power, we live in one of the most rapidly changing times in human history. As a result, academic institutions that are supposed to be pioneers and educators of the next generations have started to realize that they need to adapt to a new system, and change their policies to be more flexible towards patent ownership and commercialization. There is an infrastructure being developed towards students starting their own businesses while continuing with their studies. This paper aims to provide an overview of the existing landscape, the exciting rewards as well as risks awaiting a student entrepreneur, the challenges of the present ecosystem, and questions to consider prior to embarking on such a journey. Various entities influencing the start-up environment are considered, specifically for the medical technology sector. These parties include but are not limited to: scientists, clinicians, investors, academic institutions and governments. A special focus will be set on the seemingly unbridgeable gap between founding a company and a scientific career.

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Intellectual Property Management and Technological Entrepreneurship

Cited by 13 publications

References 80 publications

What impact does intellectual property have on the business performance of technology firms?

What impact does intellectual property have on the business performance of technology firms?

Openness and Appropriation: Empirical Evidence From Australian Businesses

Starting a Medical Technology Venture as a Young Academic Innovator or Student Entrepreneur

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