Sustainability in Innovation: Innovation Management Challenges pages:1-12
ISPIM edition:XXII location:Hamburg date:15-17 - June
The past decades have witnessed a large growth in patenting and out-licensing rendering the IP strategy an important element for innovation management. The paper looks at the impact of the skills of R&D personnel on the IP strategy by focussing on the probability of firms' to register patents and to out-license technology in order to generate revenue. Based on the occupational and educational characteristics of R&D personnel it is shown that patent registration and income generating from licensing imply a different set of skills from the R&D labour force. Looking at the occupation of the R&D staff, patenting relies on either R&D managers & researchers but also on R&D support staff; whereas out-licensing depends on R&D support staff solely. Second, looking at the level of education, the act of registering patents and generating revenue from them depends on R&D staff having a doctoral degree.