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 covered in this module:
- Analysis of market and technology positions
- Economic relevance
- Venture capitalists & intellectual property
- Aligning money, fees, government support
- How important are IP based industries in the economy?
More information
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.