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Freedom to operate : the Impact of patent awareness on patent litigation risk in high-tech small firms

Koceva, C. (2016) Freedom to operate : the Impact of patent awareness on patent litigation risk in high-tech small firms.

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Abstract:Due to our globalized, knowledge sharing economy, patenting has gained more importance during the last decades. Patent awareness within startups is low due to the lack of monetary resources, knowledge about patents in general and expertise. Due to the lack of knowledge about the field of patent law, high-tech small firms are not involved in prior patent search - a freedom to operate assessment - which could improve the strategic choices a startup makes with regard to patenting inventions. Research shows that patent awareness is economically beneficial in patent intense industries, like the high tech industry. This paper analyzes the impact of patent awareness on patent litigation risk in high-tech small firms. In particular, the freedom to operate assessment as a tool for patent search will be examined. A literature review has been carried out to derive a guideline for patent awareness in high-tech small firms. As a practical implementation, options for pursuing different strategies during the decision-making process for patenting will be provided. In the business environment, theoretical frameworks and models are being used widely in large, established companies. However, there are few practical models available in the literature for startup patenting. The contribution of this research is to enhance the usage of analytical tools such as the freedom to operate assessment in startups. Furthermore, recommendations will be given for involved stakeholders on how to practically enhance patent awareness.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:http://purl.utwente.nl/essays/70212
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