# It is especially hard to capture value from externalized research [[It is hard to capture value from research]] and it is especially hard to capture value from externalized research. * The people doing the research might not want to or be equipped to commercialize it and so you need to manage the transfer with an external organization * There is little incentive for people who do not own the IP to commercialize it - researchers would just want to get their paper out of it and move on. * The external organization may expect to own IP or get a huge cut of the value * When there are several pieces, any single piece may not be that valuable * Imagine creating the mouse in one place, the keyboard in another, and the GUI in another * If the external organization doesn’t own the IP, there’s a conflict of interest and they may be incentivized to hold back any insights they don’t absolutely need to Are there examples of organizations capturing research from external research? * [[Genentech was started by bringing together several pieces of existing research and subcontracting to university labs]] - this may only have worked because the founders of Genentech were also the professors of the lab. * In a way [[Ink and Switch]] tried this, primarily hiring contractors * [[Deep Science Ventures]] ### Ways that you can capture value from externalized research * Patents and licensing * Need to be enforced via litigation * Joint ownership is messy and requires a lot of negotiation * Invest in an entity that is capturing value from the research * Cross fingers and hope the entity that captures the value donates back to you? * Have the researchers have a stake in the value capture entity (a la [[Genentech]] ) * Taxes if you’re a government * [[Research Blockchain]] ??? 🤣 ### Related * [[It is hard to capture value from research]] * [[It is hard for a private ARPA to capture value without hamstringing impact]] <!-- #stub --> [Web URL for this note](http://notes.benjaminreinhardt.com/It+is+especially+hard+to+capture+value+from+externalized+research) [Comment on this note](http://via.hypothes.is/http://notes.benjaminreinhardt.com/It+is+especially+hard+to+capture+value+from+externalized+research)