Innovation is a major driver for the economy. Businesses are formed and grow based on efforts to commercialize the intellectual property assets that arise due to innovative activity. The Business of Innovation – Intellectual Property Transactions and Strategies in the New Economy brings together contributions by many experienced practitioners to provide guidance to the commercialization process from topics such as introducing the typical commercialization process itself, exploring alternative types of transactions, licenses, due diligence, valuation of IP assets, and tax and accounting treatment of IP assets through considerations of acquiring IP rights from government laboratories or universities.

Managing risk through use of insurance and considerations of assistance programs and the key elements important to patent rights are explored. This helpful text is intended to be useful for the lawyer or a technology transfer organization assisting an innovative client, management of innovative businesses, research managers, as well as those studying the innovation business.