Value of University Patents as a Determinant of Technology Transfer

Patents play an integral role in technology transfer, therefore, it is important for universities to know what their value is. The study classifies the university patent value according to the different types and provides guidance as to what values may be created and which values are particularly important for the university, society and economy. The article builds upon previous studies of university patenting by looking at patent value in a more systematic way and by providing a deep insight to the possibilities and problems underpinning how value from patents can be created and extracted. It also shows that the impact of university patenting is not only on universities, but also on society and economy.