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Promoting Intellectual Property Monetization in Developing Countries : A Review of Issues and Strategies to Support Knowledge-driven GrowthThis paper outlines and evaluates
 several intellectual property monetization strategies
 available to patent holders in developing countries that
 help generate domestic innovation and knowledge-driven
 growth by promoting more active technology markets. Based on
 a review of World Intellectual Property Report indicators,
 the patent ownership gap between a sample of developed and
 developing countries has narrowed gradually for more
 technologically-sophisticated developing countries. However,
 based on complementary International Monetary Fund Balance
 of Payments data, the patent commercialization divide (as
 indicated by licensing income) has been widening. The paper
 argues that patents, and all forms of intellectual property,
 are an enabling mechanism rather than a defensive right: an
 intangible asset class that can be proactively nurtured and
 managed for greater value extraction to stimulate
 knowledge-based entrepreneurship and growth in developing
 countries. The paper presents multiple case studies of
 alternative monetization strategies to address the
 commercialization divide. These strategies range from
 private, market-driven options to those requiring a greater
 amount of public policy support: from patent securitization
 and patent exchanges (focusing on the United
 States-initiated Intellectual Property Exchange
 International and the Shanghai Silicon Intellectual Property
 Exchange), to the strengthening of technology transfer and
 commercialization infrastructure (focusing on the experience
 of the Association of University Technology Managers and
 Taiwan, China's Intellectual Property Rights
 Institute), to patent litigation support (including South
 Korea's support of patent infringement lawsuit costs
 for small and medium enterprises). The paper also highlights
 areas where further policy research would be helpful.
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3rd annual Patent Law Institute960 pages : 23 cm
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3rd annual Patent Law Institute960 pages : 23 cm