The Drivers of Technology Licensing

The Drivers of Technology Licensing

1. Technological knowledge constitutes a major source of competitive

2. Despite the vital importance of technological knowledge for competitive advantage, a substantial increase in technology licensing could be observed across industries in recent years.

3. Among the licensees, there are often companies from the same industry, i.e., buyers, suppliers, or competitors

4. However, the negative consequences of out-licensing often seem to be overcompensated by positive effects.

5. the insights into technology licensing at the firm level are limited

6. emphas the need for further research into out-licensing. First, technology licensing is increasing despite the imperfections in the markets for technology. Second, many firms experience major difficulties in managing technology licensing,

7. First, generating revenues refers to the purely financial dimension of technology licensing. Second, intellectual property may be the only possibility to gain access to another firm’s technology portfolio.