Patent strategies of small Danish high-tech firms

Abstract

The increasingly strategic use of patents, and their importance for competitive advantage, pose special challenges for small high-tech firms. This paper seeks to add to our understanding of the strategic and economic effects of patents by exploring why small high-tech firms take out patents – and why not – and how these choices are linked to these firms ’ broader business and technology strategies. Under what circumstances do small high-tech firms find patents effective, and what patent-related problems have they experienced? How important are factors such as industry characteristics, the nature of the invention, and previous patenting experience? To answer these questions, we conducted a series of in-depth, semi-structured interviews with patent experts in thirty-four small Danish firms in telecommunications, software and biotechnology. This paper presents some of our preliminary results.

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