Journal Article

Where is the entrepreneurship bang for the patenting buck? Utility versus design patents


  • Goel
  • R.
  • Saunoris
  • J.W.
Publication Date

This research contributes to the literature on entrepreneurship by studying whether design patents and utility patents have similar effects on entrepreneurial activity. Other contributions of this research include comparing the relative influences on startup versus established entrepreneurs and the effects of patents versus trademarks. Results, based on a panel of U.S. states, show that established entrepreneurs benefit from both types of patenting and from trademarks, whereas startup entrepreneurs significantly benefit from only design patents, and the effects of design patents and trademarks are opposite. These findings suggest that the entrepreneurship bang from the patenting buck might differ across patenting types.

Kiel Institute Expert


JEL Classification
L26, O31, O51

Key Words

  • entrepreneurship
  • innovation
  • patenting