Inquisitr: New Study from Harvard and Stern Business School Affirms the Value of Patents for Startups, by Daniel Woods
This post originally appeared in the Inquisitr on January 31, 2016.
A new study of patents and their effects on business claims that the U.S. patent system has significant benefits for start-up businesses. “The Bright Side of Patents” by Joan Farre-Mensa of Harvard Business School, Deepak Hegde, and Alexander Ljungqvist of New York University’s Stern School of Business found that the employment and sales growth of U.S. startups was enhanced by patents.
Their research focused on first-time patent applications filed in the U.S. by startups since 2001 that received a preliminary decision by 2009 and a final decision by the end of 2013. The total number of patents surveyed was 45,819.