Abstract
This paper presents a theoretical analysis of patent value as perceived by different stakeholders in the innovation lifecycle. Data is collected using semi-structured interviews with inventors, technology transfer personnel, patent attorneys, consultants and examiners. Views are presented for the most common patent value indicators. A value indicator framework is developed for different stages in the patenting procedure. The paper contributes to a better understanding of value determinants’ impact on the value of patent rights. Results indicate that different value indicators are perceived differently by various stakeholders. More robust indicators can be developed by combining market data and customer knowledge.
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