P r e l i m i n a r y findings suggest that in the early s t a g e s o f n e w venture formation IP, by and large, is a non-issue. !

How is IP confronted in the early stages of e n t r e p r e n e u r i a l venturing and the intellectual output being propertised?!

The study engages wi th a Scot t ish innovation initiative de l ivered by a n a t i o n a l consortium of both a c a d e m i c a n d n o n - a c a d e m i c o r g a n i s a t i o n s . A p p r o p r i a t i n g d e s i g n a s a c a t a l y s t f o r i nnova t i on and economic growth, !

B e r t h o l d , H . a n d Townley, B. 2014. For w h a t i t ’ s w o r t h : explorations into early-s t a g e I P . B r i t i s h A c a d e m y o f M a n a g e m e n t Conference!

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Smoke and Mirrors � Ellie Davis (2010) !

H. Berthold and B. Townley!Institute for Capitalising on Creativity School of Management !University of St Andrews!

Bits of gold: propertisation in new venture formation WP2!

T h e e m p i r i c a l material , gathered through means of i n t e r v i e w s a n d observations, is being investigated through!

entrepreneurial venturing and the in te l lec tua l o u t p u t b e i n g propertised?!

i nnova t i on i n i t i a t i ve delivered by a national c o n s o r t i u m o f b o t h academic and non-academic organisations. Appropriating design as a catalyst for innovation and economic growth, the init iative centres around the nurturing of knowledge exchange in c r a f t i n g n e w o p p o r t u n i t i e s f o r commercialisation. !

through means of interviews and observations, is being investigated through the lens of the legal economics literature.!

that in the early stages of new venture formation IP, by and large, is not seen as an issue. What defines IP is often blurred and value is sought to be captured from ‘being first and best’. The propertisation of ideas f o l l o w s p r a c t i c e s o f differentiation enabled through the exploitation of ‘bits of gold’: specialist knowledge and the competent arrangement of knowledge fragments. !

explorations into early-stage IP . Br i t i sh Academy o f Management Conference, 9-11 September 2014, Belfast!