Value creation and capture in the reiteration of university co-patents: empirical evidence from Italy

Numerous studies have demonstrated the central role of universities in the development of innovation ecosystems, however the literature on the manner in which universities might construct and maintain their R&D collaborations is highly limited. The present study addresses this gap, analyzing the propensity of Italian universities to reiterate co-patenting with other organizations which have been coapplicants of their previous patents. Utilizing multi-level modeling, the study demonstrates that the development of further co-patents is influenced by variables concerning organizational diversity and joint experience in co-patenting. This study could favor a better understanding of value creation and value capture processes in university co-patenting, thus allowing the development of useful policy indications.