The impact of standardization and standards on innovation
Nesta Working Paper 13/15
Issued: November 2013
JEL Classification: O38
Keywords: Innovation, standardization, standards
This paper reviews the role of standardization and standards for the various phases of the innovation process ranging from the supply side, i.e. research, to the demand side, i.e. public procurement. In addition, the interrelation between standards and intellectual property rights, especially patents, is addressed. So far, standards have only rarely been considered in policy programmes to promote innovation. Consequently, the number of empirical studies assessing the impact of standardization and standards on innovation is quite limited. However, in contrast to traditional perception of a contradictory relationship, they promote innovation, if several framework conditions, like the openness of the standardization process, are considered. Consequently, the effectiveness of future innovation policy schemes can benefit by a careful consideration of the options standardization and standards offer.
The Nesta Working Paper Series is intended to make available early results of research undertaken or supported by Nesta and its partners in order to elicit comments and suggestions for revisions and to encourage discussion and further debate prior to publication (ISSN 2050-9820). The views expressed in this working paper are those of the author(s) and do not necessarily represent those of Nesta.