Patenting financial innovation in Europe

Kapoor, R and Mention, A-L 2015, 'Patenting financial innovation in Europe', in Dundar F. Kocaoglu (ed.) Proceedings of the 2015 Portland International Conference on Management of Engineering and Technology (PICMET 2015), Portland, Oregon, United States, 2-6 August 2015, pp. 1071-1077.

Document type: Conference Paper
Collection: Conference Papers

Title Patenting financial innovation in Europe
Author(s) Kapoor, R
Mention, A-L
Year 2015
Conference name PICMET 2015: Management of the Technology Age
Conference location Portland, Oregon, United States
Conference dates 2-6 August 2015
Proceedings title Proceedings of the 2015 Portland International Conference on Management of Engineering and Technology (PICMET 2015)
Editor(s) Dundar F. Kocaoglu
Publisher IEEE
Place of publication United States
Start page 1071
End page 1077
Total pages 7
Abstract Subject matter of financial and business methods is of questionable patentability in the European patent system. European Patent Office (EPO) adopted a 'no search' policy to counter a surge in applications clearly considered non-technical and method based. These applications are thus characterized by high refusal rates and low grant rates. Our evidence suggests that financial method patents have the lowest grant rate (only about 3%) among other business method inventions. We also observed a large number of pending applications. Not only are pending patents valuable, they may represent applications that are difficult to evaluate owing to the unclear picture related to their patentability. In this paper, we study the patent characteristics of pending applications along with successful and unsuccessful applications. The study offers a patent landscape related to financial innovation. It then compares early stage patent characteristics that could have an influence on the outcome of applications.
Subjects Innovation and Technology Management
Keyword(s) Finance Business methods
Financial innovation
No search
Patent system
Subject matters
DOI - identifier 10.1109/PICMET.2015.7273124
Copyright notice © 2014 by the Portland International Center for Management of Engineering and Technology.
ISBN 9781479917679
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in Thomson Reuters Web of Science Article
Scopus Citation Count Cited 0 times in Scopus Article
Altmetric details:
Access Statistics: 27 Abstract Views  -  Detailed Statistics
Created: Tue, 14 Feb 2017, 10:30:00 EST by Catalyst Administrator
© 2014 RMIT Research Repository • Powered by Fez SoftwareContact us