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Milan Innovation and Entrepreneurship Research Seminars (MInERS) – Inaugural Meeting

Milan Innovation Seminar - Inaugural Meeting

Start time:

May 17, 2024 @ 4:00 pm - 8:00 pm

CEST

Location:

Bocconi University, GT Bistrot & Café, Milan, MI

Type:

Lecture

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Speakers

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Dietmar Harhoff

Professor for Entrepreneurship and Innovation at LMU Munich and Director at the Max Planck Institute for Innovation and Competition

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Pierluigi Perrotti

Judge at the Unified Patent Court of First Instance, Local Division Milan

Description

Milan Innovation and Entrepreneurship Research Seminars (MInERS) – Inaugural Meeting

MInERS is a network of scholars located in Milan dedicated to promoting events, networking and research in the area of Innovation, Science and Entrepreneurship. As part of this initiative, we promote participation in the ICRIOS seminar, scheduled for 17 May 2024, 16:00, at Bocconi University in room AS01, via Röntgen 1.

Keynote: Prof. Dietmar Harhoff – Director at the Max Planck Institute for Innovation and Competition and Professor for Entrepreneurship and Innovation at the Ludwig-Maximilians-Universität (LMU) Munich,

Discussion: Judge Pierluigi Perrotti – Unified Patent Court of First Instance, Local Division Milan

Title: “To Opt Out or Not – Strategic Decisions at the Unified Patent Court” (joint work with Sebastian Erhardt)

Abstract: The new Unified Patent Court (UPC) in Europe allows patent owners access to centralized enforcement, albeit at the risk of centralized invalidation. For new unitary patents (UPs) owners will enjoy a large cost reduction. At the introduction of the UPC/UP system, owners of existing European patents and patent applications were able to opt-out of the new court system during a three-month time window. We derive a set of hypotheses and combine data on the actual opt-out decisions with a rich set of patent and owner characteristics to test them. Consistent with theoretical expectations, we find that patents with high risk of invalidation were typically opted out, as were valuable patents, e.g.,

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