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Corporate Patent Strategy for Open Innovation: A Game Theory Model Based on Technical Features in Patents

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© Brunel University 2013

Name: Zheng Li and Mark Atherton

Contact details:

Mr Zheng Li Saltash Hall, Brunel University Uxbridge

UB8 3PH

Tel: +44(0)7570564176 [email protected]

Proposed presentation/poster title:

Corporate Patent Strategy for Open Innovation: A Game Theory Model Based on Technical Features in Patents

Zheng Li and Mark Atherton

School of Engineering and Design, Brunel University, UB8 3PH, UK

Initial abstract

Achieving a community of open innovation, where innovative ideas can be freely shared, will increase costs of corporate monopolisation thereby enhancing the role of ordinary citizens as Intellectual Property generators. Based on analysis of technical features in patents, this research applies non-zero-sum game theory to model multi-layered patent strategies including application, litigation and transaction. To maximise benefit to the common good, it is a suitable way to arbitrate fairly between the players. The results reveal the threshold values of novelty and inventive steps. In conclusion, an effective patent strategy can be to turn a patent from a competition lock into a positive catalyst for open innovation, which is the preferred equilibrium result between the interests of corporations, governments and individuals. [120 words]

Keyword Patent Strategy; Open Innovation, Intellectual Property, Game Theory, Technical Features

Biography

Zheng Li received his MEng degree in Mechanical Engineering from China and MA degree in Design Strategy and Innovation from the UK. He is a PhD student at Brunel University, interested in design research including patent strategy and design evaluation. [email protected]

Dr Mark Atherton has a BSc (Hons) in Mechanical Engineering (Aston), an MSc in Industrial Robotics and Manufacturing Automation, and PhD in Mechanical Engineering Design. He is a Reader in Engineering Design at Brunel University with particular interests in robustness and design optimisation. [email protected]

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