Expanded innovation incentives generate patents that signal value to investors and publication process ensures tech diffusion

[Jayne, "Diffusion of Green Technology: Patents, Licenses, and Incentives.", Texas Environmental Law Journal, vol. 52, no. 1, Spring 2022, pp. 40-43. HeinOnline, https://heinonline.org/HOL/P?h=hein.journals/txenvlw52&i=45, Accessed 7-18-2024, GDI-SS.]

In addition to financial gain, patents can signal value to investors and potential partners, such as government collaborators. Patent activity of new green technology startup companies increases by over 73% every time there is a collaboration with a government agency towards green technology development, compared with startups not engaged in such collaborations.1 6 When patent applications are published, entities can signal to other companies that the claimed technology is worth pursuing. Thus, recompilations of patents become "a library with the most innovative and strong information regarding the newest technologies" that "can be used by other entities in the regionalization of technologies, as, for example, technology developed in the U.K. related to solar energy that can be adapted to solar energy-fluent countries like Egypt and Libya."" For instance, WIPO GREEN stakeholders agree that the "dissemination of green technology contributes to fostering innovation"1s and that patents have an "important relationship" with green technology dissemination.19