Download or read book Measuring the Value of Invention written by Benjamin M. Miller and published by . This book was released on 2021-02-11 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inventions, such as new tools, devices, processes, and medicines, have provided significant benefits to society. Inventions help people around the world live longer, healthier, and more-productive lives and provide new ways to build, move, communicate, heal, learn, and play. Understanding and clearly communicating the value of invention can help policymakers appreciate the benefits of supporting the development of inventions and of addressing inequities that suppress the development of female and minority inventors. In this report, researchers use the inventions of Lemelson-MIT Prize winners as examples to illustrate the scientific, technological, economic, and social impacts that inventions can have on society. The impacts of this group's inventions are considered through evaluation of all prize winners in aggregate and through individual case studies of the prize winners from three particular years. Researchers highlight the substantial benefits to society, both nationally and globally, that have been provided by these inventors' works. The inventions discussed in this report have spawned new products, companies, and, in some cases, entirely new industries. Research also demonstrates that there are many different paths to the successful development and commercialization of inventions, with the success or failure of new inventions not always being entirely under the inventor's control.
Download or read book Value Engineering written by Richard Park and published by Routledge. This book was released on 2017-11-01 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: After more than 50 years as a manager and VE pioneer, Richard J. Park presents Value Engineering: A Plan for Invention. Park demonstrates how to adopt VE as a thinking process that can enable you to increase your problem solving skills, cultivate innovation, reduce costs, improve productivity, and more. Features
Download or read book Measuring the Immeasurable written by Christian Grube and published by Springer Science & Business Media. This book was released on 2010-11-19 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Christian Grube analyses the value potential of patent protection of knowledge-based competitive advantages. His findings show that complex licensing contracts represent a profitable strategy to exploit the value of patented inventions and that bibliographic patent data can support the valuation of complex patent portfolios.
Download or read book Words in Patents written by Mikko Packalen and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the invention process promotes technological progress. The gains from pursuing such innovative research paths may, however, be very limited, due to the undeveloped nature of new knowledge, quick obsolescence of fast-improving knowledge, and the vast scope of the existing knowledge base. In this paper, we first develop a new approach to identifying research inputs in invention. Next, we estimate the value of pursuing innovative research paths that are created by the arrival of new research inputs. We identify research inputs based on a natural language analysis of 10 billion word and word sequence patent pairs in 6 million patents granted during 1920-2010. This novel textual analysis empirically reveals which single and general purpose technologies and scientific discoveries have been popular as research inputs in invention. We estimate the value of innovative research by comparing patents that mention these research inputs early against the value of other patents. For this comparison, we develop also a new measure of patent value. The measure distinguishes between citations that reflect the cumulative nature of invention and citations that may merely reflect similarity.
Download or read book The Economic Valuation of Patents written by Federico Munari and published by Edward Elgar Publishing. This book was released on 2011-10-01 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book fills an important gap in the literature and will be very useful both to students of intellectual property and practitioners confronted by the problem of valuing their patent portfolios. An excellent overview of an evolving and challenging area, it provides the necessary background to thinking about the problem of valuation and describes all the major methods in use, including the real options approach. Bronywn H. Hall, University of California, Berkeley, US In depth knowledge and scientific approach are used to improve patent valuation techniques. . . a dream book for both researchers and practitioners interested in identifying the value of creative minds. Bruno van Pottelsberghe, Solvay Brussels School of Economics and Management, ULB, Belgium The Economic Valuation of Patents provides an original and essential analysis of patent valuation, presenting the main methodologies to value patents in different contexts. Starting with an analysis of the relevance of patent valuation from a strategic, economic and legal perspective, the book undertakes a thorough review of the existing financial and qualitative valuation methodologies. The contributing authors, IP experts from academia and business, discuss the application of valuation issues in various contexts such as patent portfolio management, licensing agreements, IP litigation, IP-backed finance and accounting. For each topic, an introductory theoretical background is provided and specific application contexts are then investigated. This multidisciplinary book bridges theory and practice in a unique and novel way that will be appreciated by graduate students, scholars and practitioners alike.
Download or read book Invention Value Inventive Capability and the Large Firm Advantage written by Ashish Arora and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that discriminates between the two explanations. Using a sample of 2,786 public corporations, and measures of both patent quality and patent value, we find that, while average invention value rises with size, average invention quality declines, suggesting, per our model, that the large firm advantage is not due to superior inventive capability, but due to the superior ability to extract value. We provide evidence suggesting that this superior ability to extract value is due to greater commercialization capabilities of larger firms.
Download or read book Words in Patents written by Mikko Packalen and published by . This book was released on 2014 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligently allocating research effort and funds requires deciding whether to build on recent advances or on more established knowledge. When recent advances create superior opportunities for invention, their adoption as research inputs in the invention process promotes technological progress. The gains from pursuing such innovative research paths may, however, be very limited, due to the undeveloped nature of new knowledge, quick obsolescence of fast-improving knowledge, and the vast scope of the existing knowledge base. In this paper, we first develop a new approach to identifying research inputs in invention. Next, we estimate the value of pursuing innovative research paths that are created by the arrival of new research inputs. We identify research inputs based on a natural language analysis of 10 billion word and word sequence patent pairs in 6 million patents granted during 1920-2010. This novel textual analysis empirically reveals which single and general purpose technologies and scientific discoveries have been popular as research inputs in invention. We estimate the value of innovative research by comparing patents that mention these research inputs early against the value of other patents. For this comparison, we develop also a new measure of patent value. The measure distinguishes between citations that reflect the cumulative nature of invention and citations that may merely reflect similarity.
Download or read book Learn from the Past Create the Future written by Maria de Icaza and published by WIPO. This book was released on 2010-12-01 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Inventions and Patents" is the first of WIPO's Learn from the past, create the future series of publications aimed at young students. This series was launched in recognition of the importance of children and young adults as the creators of our future.
Download or read book An Empirical Examination of the Value of Patented Inventions Using German Employee Inventors Compensation Records written by Jesse Micah Giummo and published by . This book was released on 2003 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Invention written by Geoffrey Wyatt and published by . This book was released on 1986 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measuring and Accounting for Innovation in the Twenty First Century written by Carol Corrado and published by University of Chicago Press. This book was released on 2021-05-18 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring innovation is a challenging task, both for researchers and for national statisticians, and it is increasingly important in light of the ongoing digital revolution. National accounts and many other economic statistics were designed before the emergence of the digital economy and the growth in importance of intangible capital. They do not yet fully capture the wide range of innovative activity that is observed in modern economies. This volume examines how to measure innovation, track its effects on economic activity and on prices, and understand how it has changed the structure of production processes, labor markets, and organizational form and operation in business. The contributors explore new approaches to and data sources for measurement, such as collecting data for a particular innovation as opposed to a firm and using trademarks for tracking innovation. They also consider the connections between university-based R&D and business start-ups and the potential impacts of innovation on income distribution. The research suggests strategies for expanding current measurement frameworks to better capture innovative activity, including developing more detailed tracking of global value chains to identify innovation across time and space and expanding the measurement of innovation’s impacts on GDP in fields such as consumer content delivery and cloud computing.
Download or read book The Great Invention written by Ehsan Masood and published by Simon and Schuster. This book was released on 2016-06-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world’s principal measure of the health of economies is gross domestic product, or GDP: the sum of what all of us spend every day, from the contents of our weekly shopping to large capital spending by businesses. GDP also includes the myriad things that our governments pay for, from libraries and road-line painting to naval dockyards and nuclear weapons.The Great Invention reveals how in just a few decades GDP became the world’s most powerful formula: how six algebraic symbols forged in the fires of the 1930's economic crisis helped Europe and America prosper, how the remedy now risks killing the patient it once saved, and how this fundamentally flawed metric is creating the illusion of global prosperity—and why many world leaders want to be able to ignore it but so far remain powerless to do so. Drawing on interviews, firsthand accounts, and previously neglected source materials, The Great Invention takes readers on a journey from Capitol Hill to Whitehall—on the trail of theories made in Cambridge, tested in Karachi, and designed for global application—into the minds of unworldly geniuses seduced by the allure of power and the demands of politics.
Download or read book Measuring Innovation A New Perspective written by OECD and published by OECD Publishing. This book was released on 2010-05-25 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Innovation is a major step towards evidence-based innovation policy making. It complements traditional “positioning”-type indicators with ones that show how innovation is, or could be, linked to policy.
Download or read book Official Gazette of the United States Patent and Trademark Office written by and published by . This book was released on 1975 with total page 2320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inside the Patent Factory written by Donal O'Connell and published by John Wiley & Sons. This book was released on 2011-01-31 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is a coaching guide for anyone interested in intellectual property and those wanting to embark on or develop patent creation. It draws on the authors’ extensive experience and insights from change projects, management and leadership at Nokia. The book guides the reader through each stage of setting up a successful unit, inviting active involvement by asking vital questions about their needs and aims. Focusing on key issues and themes involved, it provides examples, diagrams and models to illustrate how they can be out in to practice. Critical chapters include the core activities of patent creation, possible organisational models, costs, quality and the comparison of external and internal allocation of tasks. Discussion concentrates on how to such define roles and responsibilities and the management techniques of external resources. The book encourages the reader to challenge their current organisational structure and strategy by introducing various methods and tactics that can be deployed when considering patent creation, then offering advice into the pros and cons of techniques and how such methods can be assessed. The book highlights how knowledge and innovation can be utilised and protected, which due to the increased importance of intellectual property rights, especially the use of patents, is essential for every business.
Download or read book OECD Patent Statistics Manual written by OECD and published by OECD Publishing. This book was released on 2009-02-05 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual provides guiding principles for the use of patent data in the context of S&T measurement, and recommendations for the compilation and interpretation of patent indicators in this context.
Download or read book Using Inventions in the Public Domain written by World Intellectual Property Organization and published by WIPO. This book was released on 2020-06-22 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide is designed to help researchers, inventors and entrepreneurs gain access to and use technology and business information and knowledge in the public domain, for the development of new innovative products and services in their own country. The focus of the guide is on information and technology disclosed in patent documents. Designed for self-study, the guide provides easy-to follow training modules that include teaching examples and other useful practical tools and resources.
