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Issue № 72. February 2019

Intellectual Property Commercialization Problems and Ways to Overcome Them

Natalia V. Polavskaya

Natalia V. Polavskaya — postgraduate student, Department of Economics of Innovation Development, School of Public Administration, Lomonosov Moscow State University, Moscow, the Russian Federation.
E-mail: polavskayanv@gmail.com

One of main problems of the companies that own intellectual property is that a part of intellectual property is not used and therefore doesn’t generate economic benefits. Meantime companies need new knowledge and technologies. Continual growth of importance of intellectual property exchange between companies leads to necessity of developing optimal business models in companies including such intellectual property management tools that allow getting maximum economic benefits. The aim of this article is highlighting the main problems that affect commercialization of intellectual property and suggesting such intellectual property management tools that can help to solve these problems and achieve growth of the company value using commercialization strategy.

Keywords

Commercialization of intellectual property, open innovation model, closed innovation model, intellectual property audit, intellectual property portfolio, intellectual property mapping, “not-invented here” syndrome, licensing, cross-licensing, company business model.

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