Devising an economic-legal approach to the viability of innovative technology transfer in the process of its commercialization

Authors

DOI:

https://doi.org/10.15587/1729-4061.2024.298515

Keywords:

commercial technology transfer, viability, licensing activity, transfer effect, technology gap

Abstract

The object of this study is to determine the economic effect of technology transfer during the period of its viability. This paper suggests a methodology that takes into account the appropriate amount of profit and the accumulated amount of royalties in the commercial use of innovative technology. The necessity of taking into account the viability of the transfer of innovative technology as the beginning of its new life cycle was substantiated. The possibility of formalizing this process in the form of an assessment of the sum of the present values of all projected cash flows, taking into account the eligibility criterion and the barrier rate, has been established. We propose an approach, which, unlike the existing ones, consists in allocating a certain period of viability of innovative technology transfer in the life cycle of technology. It is argued that based on the results of technology renovation, it is possible to assess the economic effect of its transfer due to the benefits of implementation and achievement of licensing activity by expanding the number of licensees. We substantiate the possibility of generating profits and royalties to the licensor as the amount of investment that can and should be directed to the development of a fundamentally new or improved technology in relation to the previous one. The transition to a new technology causes an increase in the overall technological level and leads to the formation of a technological gap between the S-shaped life curves of technical systems and, in parallel, forms a new S-shaped curve of a new technological system based on new knowledge. An economic and legal approach to the development of a methodology for determining the economic effect or viability of innovative-level TT was implemented. The results of the current study could be used in the formation of legislative and subordinate national regulations, as well as serve as a basis for further research on this issue

Author Biographies

Oleksandr Butnik-Siverskyi, Scientific-Research Institute of Intellectual Property of the National Academy of Law Sciences of Ukraine

Doctor of Economic Sciences, Professor

Department of Industrial Property and Commercialization of Intellectual Property Objects

Roman Kirin, State Organization "V. Mamutov Institute of Economic and Legal Research of the National Academy of Sciences of Ukraine

Doctor of Law Sciences

Department of Economic and Legal Problems of Urban Studies

Olexandr Doroshenko, Scientific-Research Institute of Intellectual Property of the National Academy of Law Sciences of Ukraine

PhD

Director

Hryhoriy Dorozhko, Scientific-Research Institute of Intellectual Property of the National Academy of Law Sciences of Ukraine

PhD

Deputy Director

References

  1. Pro derzhavne rehuliuvannia diyalnosti u sferi transferu tekhnolohiy: Zakon Ukrainy vid 14 veresnia 2006 r. No. 143-V. Available at: https://zakon.rada.gov.ua/laws/show/143-16#Text
  2. Pro priorytetni napriamy innovatsiynoi diyalnosti v Ukraini: Zakon Ukrainy vid 8 veresnia 2011 r. No. 3715-VI. Available at: https://zakon.rada.gov.ua/laws/show/3715-17#Text
  3. Boh, W. F., De-Haan, U., Strom, R. (2015). University technology transfer through entrepreneurship: faculty and students in spinoffs. The Journal of Technology Transfer, 41 (4), 661–669. https://doi.org/10.1007/s10961-015-9399-6
  4. Craiut, L., Bungau, C., Bungau, T., Grava, C., Otrisal, P., Radu, A.-F. (2022). Technology Transfer, Sustainability, and Development, Worldwide and in Romania. Sustainability, 14 (23), 15728. https://doi.org/10.3390/su142315728
  5. Liu, M., Lo, K., Westman, L., Huang, P. (2022). Beyond the North-South divide: The political economy and multi-level governance of international low-carbon technology transfer in China. Environmental Innovation and Societal Transitions, 44, 194–204. https://doi.org/10.1016/j.eist.2022.07.001
  6. Van Norman, G. A., Eisenkot, R. (2017). Technology Transfer: From the Research Bench to Commercialization. JACC: Basic to Translational Science, 2 (1), 85–97. https://doi.org/10.1016/j.jacbts.2017.01.003
  7. Van Norman, G. A., Eisenkot, R. (2017). Technology Transfer: From the Research Bench to Commercialization. JACC: Basic to Translational Science, 2 (2), 197–208. https://doi.org/10.1016/j.jacbts.2017.03.004
  8. Weis, J., Bashyam, A., Ekchian, G. J., Paisner, K., Vanderford, N. L. (2018). Evaluating disparities in the U.S. technology transfer ecosystem to improve bench to business translation. F1000Research, 7, 329. https://doi.org/10.12688/f1000research.14210.1
  9. da Silva, V. L., Kovaleski, J. L., Pagani, R. N. (2021). Fundamental elements in Technology Transfer: an in-depth analysis. Technology Analysis & Strategic Management, 34 (2), 223–244. https://doi.org/10.1080/09537325.2021.1894328
  10. Link, A. N., Siegel, D. S., Bozeman, B. (2007). An empirical analysis of the propensity of academics to engage in informal university technology transfer. Industrial and Corporate Change, 16 (4), 641–655. https://doi.org/10.1093/icc/dtm020
  11. Ren, Y., Li, R., Wu, K.-J., Tseng, M.-L. (2023). Discovering the systematic interlinkages among the circular economy, supply chain, industry 4.0, and technology transfer: A bibliometric analysis. Cleaner and Responsible Consumption, 9, 100123. https://doi.org/10.1016/j.clrc.2023.100123
  12. Davydiuk, O., Duiunova, T., Shovkoplias, H., Sivash, O., Hlushchenko, S., Lisohorova, K., Maryniv, I. (2023). Directions for improving the international legal regulation of the support program for the transfer of innovations and technologies "Horizon Europe". Eastern-European Journal of Enterprise Technologies, 2 (13 (122)), 85–91. https://doi.org/10.15587/1729-4061.2023.276747
  13. Pererva, P. G., Kocziszky, G., Szakály, D., Somosi Veres, M. (2012). Technology Transfer. Kharkiv-Miskolc, 599. Available at: https://repository.kpi.kharkov.ua/server/api/core/bitstreams/5cb71a84-8a10-442b-888a-be6220d9b1c2/content
  14. Rozghon, O. (2022). Technology transfer mechanism and its implementation in the innovation process. Law and Innovations, 1 (37), 22–30. https://doi.org/10.37772/2518-1718-2022-1(37)-3
  15. Commission Notice - Guidelines on the application of Article 81 of the EC Treaty to technology transfer agreements (2004). Official Journal of the European Union. Available at: https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2004:101:0002:0042:EN:PDF
  16. Sovershenna, I. (2017). Methodical approaches of efficiency estimation technology transfer in Ukraine. Efektyvna ekonomika, 5. Available at: http://www.economy.nayka.com.ua/?op=1&z=5598
  17. Kornilova, I. M., Rudenko, Y. O. (2019). The Methodical Support of Substantiation for Technology Transfer. Business Inform, 2 (493), 85–94. https://doi.org/10.32983/2222-4459-2019-2-85-94
  18. Kirin, R. S., Khomenko, V. L. (2019). Formation of Legal Protection of Computer Software by the Rules of Copyright and Patent Law. Science and Innovation, 15 (6), 49–58. https://doi.org/10.15407/scine15.06.049
  19. Mazaraki, A. A., Androshchuk, H. O., Bai, S. I. et al.; Mazaraki, A. A. (Ed.) (2014). Transfer tekhnolohiy. Kyiv: Kyiv. nats. torh.-ekon. un-t, 556.
  20. Kulko-Labyntseva, I. (2020). Financial and legal aspects of technology transfer in Ukraine. Market Infrastructure, 43. https://doi.org/10.32843/infrastruct43-33
  21. Kraus, N. M., Manzhura, O. V., Kraus, K. M. (2019). Diagnosis of the influence of researches and innovative development of transfer technologies in Ukraine. Efektyvna Ekonomika, 2. https://doi.org/10.32702/2307-2105-2019.2.2
  22. Omelianenko, V. A. (2012). Metodychni osnovy otsinky potentsialu transferu tekhnolohiy. Stanovlennia ekonomiky Ukrainy u pisliakryzovyi period: ryzyky ta problemy rozvytku. Ch. 1. Uman: Vydavets «Sochinskyi», 350–353.
  23. Pro naukovi parky: Zakon Ukrainy vid 25 chervnia 2009 r. No. 1563-VI. Available at: https://zakon.rada.gov.ua/laws/show/1563-17#Text
  24. Kirin, R., Doroshenko, O., Dorozhko, H., Khomenko, V. (2022). Problems and Prospects of the State Intellectual Property Inspectorate: Institutional and Legal Aspects. Science and Innovation, 18 (3), 95–108. https://doi.org/10.15407/scine18.03.095
  25. Regulation (EU) No 1290/2013 of the European Parliament and of the Council of 11 December 2013 laying down the rules for participation and dissemination in "Horizon 2020 - the Framework Programme for Research and Innovation (2014-2020)" and repealing Regulation (EC) No 1906/2006. Official Journal of the European Union. Available at: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32013R1290
  26. Kirin, R. S., Khomenko, V. L., Pashchenko, A. A. (2020) Classification criteria for Massive open online Courses on Intellectual Property. Information Technologies and Learning Tools, 78 (4), 315–330. https://doi.org/10.33407/itlt.v78i4.3353
  27. Butnik-Siversky, O. B., Doroshenko, O. F., Borko, Yu. L., Khomenko, V. L. (2022). Model approach to estimating the cost of transfer of integral intangible system (technology). Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 1, 133–138. https://doi.org/10.33271/nvngu/2022-1/133
Devising an economic-legal approach to the viability of innovative technology transfer in the process of its commercialization

Downloads

Published

2024-02-28

How to Cite

Butnik-Siverskyi, O., Kirin, R., Doroshenko, O., & Dorozhko, H. (2024). Devising an economic-legal approach to the viability of innovative technology transfer in the process of its commercialization. Eastern-European Journal of Enterprise Technologies, 1(13 (127), 103–112. https://doi.org/10.15587/1729-4061.2024.298515

Issue

Vol. 1 No. 13 (127) (2024): Transfer of technologies: industry, energy, nanotechnology

Section

Transfer of technologies: industry, energy, nanotechnology

License

Copyright (c) 2024 Oleksandr Butnik-Siverskyi, Roman Kirin, Olexandr Doroshenko, Hryhoriy Dorozhko

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.

A license agreement is a document in which the author warrants that he/she owns all copyright for the work (manuscript, article, etc.).
The authors, signing the License Agreement with TECHNOLOGY CENTER PC, have all rights to the further use of their work, provided that they link to our edition in which the work was published.
According to the terms of the License Agreement, the Publisher TECHNOLOGY CENTER PC does not take away your copyrights and receives permission from the authors to use and dissemination of the publication through the world's scientific resources (own electronic resources, scientometric databases, repositories, libraries, etc.).
In the absence of a signed License Agreement or in the absence of this agreement of identifiers allowing to identify the identity of the author, the editors have no right to work with the manuscript.
It is important to remember that there is another type of agreement between authors and publishers – when copyright is transferred from the authors to the publisher. In this case, the authors lose ownership of their work and may not use it in any way.