Section: IP value extraction | IP management: value extraction and commercialisation | e-learning centre
Main course pageIP value extraction
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IP value extraction
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Main purposes of this module:
- to describe different models used to extract commercial value for the owner, including single or combined IP-Rights (IPRs)
- to explain different patenting strategies
- to explain the importance of IPRs for start-ups
- to introduce the notion of new IP business models relying solely on intangible IP assets as products
The topics covered in this module:
i. IP supported exclusivity
ii. Additional income generation
iii. Gaining technology access
iv. Fund raising and reputation
v. IP based business modelsRead more about this module:
Patents, together with other IP (designs, trade-marks, etc.) are used to enforce premium prices by blocking competitors from a given product space/feature and allowing certain types of effective monopolistic behaviour. This is enforceable by using preliminary injunctions, injunctions and cross-border injunctions and may bring potential secondary/compensating income, called "damages".
In addition, by out-licensing their technology to others (for production or sales), companies can overcome limits to growth.
In electronics/semiconductors, where no one can fully own the technology space, mass cross-licensing programmes are common and companies seek to leverage their knowledge and assets (tangible and intangible) via various forms of collaboration.
Furthermore, IP is increasingly used as the core basis of carve-outs/spin-offs and in the creation of new companies from scratch.
Both CEOs and IP managers must be aware of the dynamic, evolutionary/revolutionary and interactive nature of law and the market to better understand opportunities and risks for their firm/clients. Increasingly IP-only companies base their business model on licensing (PAEs, NPEs, brokers, auctions). Market developments have triggered changes in IP law and vice versa. Thus vigilance and openness to new business models are necessary.
- to describe different models used to extract commercial value for the owner, including single or combined IP-Rights (IPRs)