Innovations for innovations: new trends in commercialization of intellectual property

Abstract

The article deals with the new organizational forms of intellectual property commercialization in the industrially developed countries. The papers focuses on the rises of competition for the obtaining of U.S. and European patents by the most developed Asian countries and a sharp increase in patenting of inventions in China. The paper reviews some new organizational innovations, which are implemented in the United States and Western Europe with the aim to preserve the existing competitive advantages. Among these innovations - the reform of the patent system in the United States and the transition to a single European patent. The paper discusses introducing in some Western European countries and in China a new mechanism of stimulating industrial companies engaged in the successful commercialization of the patented innovation.