Commercialization of intellectual property rights: financial and economic mechanism

Course: Economics and Economic Policy

Structural unit: Faculty of Economics

Title
Commercialization of intellectual property rights: financial and economic mechanism
Code
ВК 2.1.6
Module type
Вибіркова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2023/2024
Semester/trimester when the component is delivered
7 Semester
Number of ECTS credits allocated
5
Learning outcomes
PLO 6. Use professional arguments to transmit information, ideas, problems and ways of their solving to professionals and non-professionals in the field of economic activity. PLO 9. Realize the main features of the modern world and national economy, institutional structure, directions of social, economic and foreign economic policy of the state. PLO 13. Identify sources and understand the methodology of determination and methods for obtaining socio-economic data, collect and analyze the necessary information, calculate economic and social indicators. PLO 21. Ability to think abstractly, apply analysis and synthesis to identify the key characteristics of economic systems at various levels, as well as the peculiarities of their subjects' behavior. PLO 22. Demonstrate flexibility and adaptability in new situations, in working with new objects and in uncertain conditions.
Form of study
Full-time form
Prerequisites and co-requisites
Successful mastering of courses: “Intellectual property”, “Microeconomics”, “Economics of intellectual property”, “Enterprise economics”. Knowledge of the principles of economic theory; main concepts and categories of economics; nature and features of intellectual property; principles of the organisation of market relations and economic activities; forming and using of intellectual activity results in entrepreneurial activity.
Course content
Course is devoted to research of nature, principles and features of capital raising during intellectual property commercialization at different stages of venture company lifecycle. Forms of intellectual property commercialization and methods of risk-management of intellectual assets, peculiarities of accounting and taxation of economic transactions with intellectual property rights are investigated. The course provides studying in practice of different forms of capital raising, which effectively accelerate transformation of intellectual property objects into intellectual capital of innovative small and medium-sized enterprises. The latest financial and economic mechanisms of intellectual property commercialization are investigated including patent swap, sale and license-back, securitization of intellectual assets etc.
Recommended or required reading and other learning resources/tools
1. Benson G. Your Compass to Intellectual Property Success in the Ideas Economy. Brunswick : Green & Gold Education, 2021. 121 p. 2. Jolly A. Winning with IP: Managing high-growth intellectual property. Washington : Amazon Business, 2020. 162 p. 3. Jordan J., West A., Kuzirian M. Intellectual Property Pyramid Assessment. Pittsburgh : Life Sciences Greenhouse, 2018. 136 p. 4. Larreur C. Structured Finance: Leveraged Buyouts, Project Finance, Asset Finance and Securitization. Hoboken : John Wiley & Sons, 2021. 400 p. 5. Malackowski J. Intellectual Property and Financial Markets: A Valuation and Commercialization Handbook. Hoboken : John Wiley & Sons, 2020. 448 p. 6. Matos F., Vairinhos V., Selig P., Edvinsson L. Intellectual Capital Management as a Driver of Sustainability. New-York : Springer Publishing, 2019. 242 p. 7. Vinturella J., Erickson S. Raising Entrepreneurial Capital. 2nd Ed. Cambridge : Elsevier, 2013. 360 p.
Planned learning activities and teaching methods
Lecture, seminar, case study, panel discussions, team working.
Assessment methods and criteria
1. Participation in work at seminars (Module 1.): LO 1.1; LO 2.2; LO 3.1 - Max 10 points / Min 6 points 2. Accomplishment of creative tasks (Module 1.): LO 1.1; LO 2.2; LO 3.1 - Max 5 points / Min 3 points 3. Solving of the practice problems (Module 1.): LO 1.1; LO 2.1; LO 3.1 - Max 5 points / Min 3 points 4. Midterm Test: LO 1.1; LO 2.2; LO 3.1 - Max 6 points / Min 3 points 5. Participation in work at seminars (Module 2.): LO 1.2; LO 3.2; LO 4.2 - Max 10 points / Min 6 points 6. Accomplishment of creative tasks (Module 2.): LO 1.2; LO 3.2; LO 4.1 - Max 5 points / Min 3 points 7. Solving of the practice problems (Module 2.): LO 1.2; LO 2.1; LO 4.2 - Max 5 points / Min 3 points 8. Independent work (drafting oral presentations, participation in the case study): LO 2.1; LO 4.1 - Max 8 points / Min 6 points 9. Credit Test: LO 1.2; LO 3.2; LO 4.2 - Max 6 points / Min 3 points 10. Exam: Max 40 points / Min 24 points
Language of instruction
English

Lecturers

This discipline is taught by the following teachers

Volodymyr Virchenko
Department of International Economy
Faculty of Economics

Departments

The following departments are involved in teaching the above discipline

Department of International Economy
Faculty of Economics