Thursday, 2 January 2014

Paying for the future: a new title on the financing of technological innovation

Intellectual Property Rights And The Financing Of Technological Innovation: Public Policy and the Efficiency of Capital Markets,is a recent book by Carl Benedikt Frey (right: a Research Fellow, Oxford Martin Programme on the Impacts of Future Technology), brought out by Edward Elgar Publishing. This blogger didn't know very much about the Oxford Martin Programme but, from its website here, it is apparent that its multidisciplinary approach to the impact of future technology has the potential to be of great value not just to the IP/innovation community in assisting it in finding the right focus and setting the right priorities, but also for those who finance these innovations and who bear a risk that appears to rise as the impact of each new technology -- and therefore the costs associated with its development and uptake -- become ever higher.

About this title the publishers have this to say:
"Following the transition of industrial nations to knowledge economies, the financing of technological innovation has become a central issue in public policy, corporate finance and business management. This detailed book examines the role of intellectual property rights in facilitating the financing of technological innovation as well as the role of policy makers, investors and managers in this process. The book’s central finding is that public policy plays a key role in promoting the corporate disclosure of intellectual property-related information to enhance the efficiency of capital markets. This not only reduces the costs of capital for technology-driven firms but ultimately spurs innovation and economic growth".
Further details of this book are available from the publisher's website here.

1 comment:

  1. I've not read this book, but the contents seem to indicate it is about the value of patents, focusing on the pharma industry. I really wonder how much genuinely new material there is in this book. Public policy towards technology has many commentators, and on the face of it I don't see anything radical or interesting here.