Intro history patents ip solutions inventors become

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Unformatted text preview: hts reserved. Intro History Patents IP Solutions - Inventors become entrepreneurs. Inventors traded on their reputations to hop from one start-up to the next. They structured venture capital deals based on a mix of private stock o¤erings, joint ventures, revenue sharing & stock options. - Inventors turn the activity of invention into a business in its own right. e.g. "invention factory" (1870s) followed a variety of business methods: consulting, participating in joint ventures, selling patents etc This mix of strategies was key to managing risk. Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro History Patents IP Solutions - Innovations are developed in-house. modern industrial laboratories; e.g. General Electric (1900), AT&T (1908), Goodyear (1909), Eastman Kodak (1912) most of the new laboratories in the electrical & chemical industries; e.g. AT&T’ Bell labs, IBM, PARC s Lecture 2: Institutions, Econ483: Econ of Innovation & Technology, Evangelia...
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This note was uploaded on 03/16/2014 for the course ECON 483 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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