Introduction: Financing through understanding
IP's intangible nature does little to bolster investor confidence in biotechnology. Roya Ghafele, who works as an economist at WIPO, says that biotechnology is insufficiently funded due to a lack of awareness of the value of patents among both borrowers and investors
Intangibles such as patents have historically been treated
as if they were invisible, and irrelevant to individual
business performance. So capital markets tended to punish
research-intensive companies, which are common in
New growth theory explains that economic growth is...
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