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Financing technology transfer

Author

Listed:
  • Darcy, Jacques

    (European Investment Fund)

  • Krämer-Eis, Helmut

    (European Investment Fund)

  • Guellec, Dominique

    (Organisation for Economic Co-operation and Development)

  • Debande, Olivier

    (European Investment Bank)

Abstract

Global policy discussions increasingly focus on innovation and the knowledge economy as a driver of long-term growth. In parallel new forms of innovation processes are emerging, notably open innovation and innovation networks stressing the importance of connections between various stakeholders. Links between universities and the business sector are of particular importance as many inventions come out of universities but have to be further developed to become economically relevant innovations. New financing instruments and attracting private investors to technology transfer (TT) are necessary but difficult as the patterns of risk and information in this “in-between area” is complex: Technology is not basic anymore and it requires large amounts of capital to be scaled up – with uncertain market prospects. This paper addresses new financial instruments for TT, building on European Investment Fund’s experience in this field.

Suggested Citation

  • Darcy, Jacques & Krämer-Eis, Helmut & Guellec, Dominique & Debande, Olivier, 2009. "Financing technology transfer," EIB Papers 10/2009, European Investment Bank, Economics Department.
    • Handle: RePEc:ris:eibpap:2009_010
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    Cited by:

    1. Pluvia Zuniga, 2011. "The State of Patenting at Research Institutions in Developing Countries: Policy Approaches and Practices," WIPO Economic Research Working Papers 04, World Intellectual Property Organization - Economics and Statistics Division, revised Dec 2011.
    2. Munari, Federico & Sobrero, Maurizio & Toschi, Laura, 2015. "Bridging the University Funding Gap: Determinants and Consequences of University Seed Funds and Proof-of-Concept Programs in Europe," EIF Working Paper Series 2015/27, European Investment Fund (EIF).
    3. Munari, Federico & Sobrero, Maurizio & Toschi, Laura, 2018. "The university as a venture capitalist? Gap funding instruments for technology transfer," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 70-84.
    4. repec:wip:wpaper:4 is not listed on IDEAS
    5. Helmut Gassler & Wolfgang Pointner & Doris Ritzberger-Grünwald, 2018. "Funding growth and innovation in Austria – financing conditions for SMEs and start-ups," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 36, pages 56-72.
    6. Battaglia, Daniele & Paolucci, Emilio & Ughetto, Elisa, 2021. "The role of Proof-of-Concept programs in facilitating the commercialization of research-based inventions," Research Policy, Elsevier, vol. 50(6).

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    More about this item

    Keywords

    Technology Transfer; Financing; Innovation; Commercialisation; Funding gap; Patents; Licensing; Intellectual Property;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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