Harhoff, Dietmar - In: EIB papers 14 (2009) 2, pp. 74-97
Financing constraints have been discussed as a major obstacle to innovation. Small and mediumsized enterprises and … provide external finance to innovative firms based on the firms' patent portfolios. Patents have been used as collateral or as … assets assembled in patent funds seeking to commercialize the patent rights. Patent auctions are indicative of a nascent …