Section : Economic aspects of innovation | IP management: evaluation and protection | e-learning centre

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Innovation processes and systems
Evaluation dimensions

Economic aspects of innovation

  • Economic aspects of innovation

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    Main purposes of this module:

    • to explain how a company's competitive position can be affected by its innovation strength and look at financial aspects 
    • to highlight the economic importance of IP-based industries 

    Topics to be covered:

    i.    Analysis of market and technology positions 
    ii.   Economic relevance 
    iii.  Venture capitalists & intellectual property 
    iv.  Aligning money, fees, government support 
    v.   How important are IP based industries in the economy? 

    Read more about this module:

    Various ways to analyse the market or the product/technology position as well as technology/innovation portfolios in view of economic parameters are presented. 

    While it is obvious that IPRs have economic relevance as a commercial tool, the IP situation of a company is also an important issue for venture capitalists when making investment decisions at a time with a high degree of uncertainty. 

    Once the innovation focus of a company is determined, developing the innovation typically requires significant funding (including public funding), budget planning and allocation. 

    Several studies have shown that IP-intensive industries contribute significantly to the benefit of (national) economies.

    • Watch the video

      This module looks at the economic aspects of innovation and its importance for IP-based industries. It focuses on the impact of IP on the market and technology positions of the IPowner, and how a company’s success correlates with its IP position. The module also discusses how to fund IP creation.

      Speaker: Christian Hackl (00:59:23h)

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    • Take a quiz

      Here you can take a quiz if you want to obtain a certificate. The questions refer to this video.

      You need to register in the European Patent Academy’s e-learning centre and enrol to this course. 

    • quiz icon
      Quiz: Economic aspects of innovation Test

    • More e-learning resources

      This module will provide further, comprehensive insight into this topic.

    • IP And Open Innovation: Managing Technology Push And Pull

Innovation processes and systems
Evaluation dimensions