New Books Network Alberto Galasso, "The Management of Innovation: Managing and Creating Technology Capital" (Rotman-UTP Publishing, 2024)
Apr 12, 2026
Alberto Galasso, economist studying innovation and IP, explains technology capital and how firms create and manage it. Short takes cover patents, tradeoffs between protecting vs creating tech, experimentation and portfolio choices, startup IP mistakes, and using patent analytics for competitive intelligence.
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Technology Capital Is Intangible Knowledge Backed By IP
- Technology capital is intangible knowledge and ideas that generate firm value across locations and people.
- Alberto Galasso links this capital's protection mainly to intellectual property, especially patents, which now drive much of large firms' market value.
Patent Duration Creates Predictable Entry Timing
- Patents create legally fixed-duration exclusivity (typically 20 years) that uniquely shapes technology risk and entry.
- The fixed expiry means competitors can plan generic entry, unlike uncertain lifespans of physical assets.
File First Patents Carefully To Preserve Future Options
- Founders should take initial patent filings seriously and pick experienced patent agents early.
- Several startup founders later regretted not spending time on first filings that shape long-term survival and fundraising.
