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The importance of intellectual property (IP) rights for commercializing innovation is well established. Moreover …-party (especially VC) financing. However, since raising third-party finance enables an innovating firm to continue commercializing its … innovation alone, it is not clear how obtaining IP rights will impact the choice between licensing product rights and continuing …
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-technology enterprises. They must build reputation, i.e., a track record for successfully financing high-technology enterprises, in order to …
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