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Profiting From Invention: Business Models Of Patent Aggregating Companies

Author

Listed:
  • CAROL A. KRECH

    (Institute of Technology Management, University of St. Gallen, Dufourstrasse 40a, 9000 St. Gallen, Switzerland)

  • FRAUKE RÜTHER

    (Institute of Technology Management, University of St. Gallen, Dufourstrasse 40a, 9000 St. Gallen, Switzerland)

  • OLIVER GASSMANN

    (Institute of Technology Management, University of St. Gallen, Dufourstrasse 40a, 9000 St. Gallen, Switzerland)

Abstract

Patent aggregating companies are institutions that aggregate patents for different purposes. From a managerial perspective as well as a theoretical perspective, it is interesting to understand what value such novel business models provide to inventing companies. In this paper we focus on the question how patent holders can use patent aggregating companies as means to capture value from their inventions. Therefore the business models of patent aggregating companies need to be understood. Existing literature lacks a systematic and comprehensive analysis of the patent aggregating companies' business models. The empirical data presented and discussed in this article was collected over a five-year (2009–2014) period in semi-structured interviews with patent aggregating companies' incorporating personnel and in an extensive analysis of secondary data. We conclude our study by identifying four groups of patent aggregating companies based on the values provided to the original patent holders: the guarders, the shielders, the funders and the earners.

Suggested Citation

  • Carol A. Krech & Frauke Rüther & Oliver Gassmann, 2015. "Profiting From Invention: Business Models Of Patent Aggregating Companies," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 19(03), pages 1-26.
    • Handle: RePEc:wsi:ijimxx:v:19:y:2015:i:03:n:s1363919615400058
    DOI: 10.1142/S1363919615400058
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    References listed on IDEAS

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    1. Daniel A. Levinthal & James G. March, 1993. "The myopia of learning," Strategic Management Journal, Wiley Blackwell, vol. 14(S2), pages 95-112, December.
    2. Oecd, 2013. "Knowledge Networks and Markets," OECD Science, Technology and Industry Policy Papers 7, OECD Publishing.
    3. Suzanne Scotchmer, 2006. "Innovation and Incentives," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262693437, April.
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    Cited by:

    1. Svenja Jarchow & Andrea Röhm, 2019. "Patent-based investment funds: from invention to innovation," The Journal of Technology Transfer, Springer, vol. 44(2), pages 404-433, April.
    2. Raphaël Maucuer & Alexandre Renaud, 2019. "Business Model Research: A Bibliometric Analysis of Origins and Trends," Post-Print hal-01918188, HAL.
    3. Roberto Hernández-Chea & Pratheeba Vimalnath & Nancy Bocken & Frank Tietze & Elisabeth Eppinger, 2020. "Integrating Intellectual Property and Sustainable Business Models: The SBM-IP Canvas," Sustainability, MDPI, vol. 12(21), pages 1-30, October.

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