This paper investigates how patent applications and grants held by new ventures improve their ability to attract … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay …

This paper investigates how patent applications and grants held by new ventures improve their ability to attract … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay …

British and German companies that seek venture capital (VC). We find that patent applications – as signals from ventures – are … positively related to VC-financing. Moreover, applications trigger institutionalized processes at the patent office, which can …

promotion. In this paper, we assess one popular justification for feed-in tariffs, i.e., induced innovation as a positive … spillover externality. Based on regressions with a time-technology fixed effect negative binomial model, we find that innovation …

Innovation commons – which we define as repositories of freely-accessible, “open source” innovation-related information … and data - are a very significant resource for innovating and innovation-adopting firms and individuals: Availability of … free data and information reduces the innovation-specific private or open investment required to make the next innovative …

which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents … allowed to expire before their full term. The higher an invention?s economic value estimate was, the more the relevant patent …