Where is the eBay for Intellectual Property?
Keywords:intellectual property, technology transfer, intellectual property exchanges
AbstractThis paper is an examination of the economics, organizational dynamics and structural factors inhibiting an electronic market for intellectual property. Â Several intermediaries exist to facilitate the transition of intellectual property (IP) from sellers to buyers.Â Over the past 20 years, a number of companies attempted to create an online â€œeBay for IP.â€Â These IP Exchanges (IPEs) failed to gain traction in competition with other mediums that provide channels to facilitate IP transactions. Â Compounding the problem is the concentration of intellectual property assets amongst a small group of institutions and within those institutions as well as organizational hurdles inherent in academic technology transfer offices.Â As a result, the business model for an online IPE market is fundamentally challenging, and no successful IPE exists to date.
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