deutsch home

Institute News

On this page you will find news from the Institute about people, awards (prizes, honors), events and other topics beginning with the year 2013. You can also subscribe to our RSS feed.

65 news found.

Award  |  06/21/2017

Fabian Gaessler receives Otto Hahn Medal of the Max Planck Society

Fabian Gaessler has been awarded the Otto Hahn Medal for his thesis “Enforcing and Trading Patents – Evidence for Europe” during the 68th General Meeting of the Max Planck Society in Weimar.

Photo: MPG

The Max Planck Society awards the prize, endowed with EUR 7,500, with the intention to motivate talented junior scientists and researchers to pursue a future research career.


Fabian Gaessler’s thesis is dedicated to the empirical study of the enforcement and trade of patent rights in Europe. The means available to an inventor to enforce his exclusive right against others and/or to sell his protected idea represent fundamental preconditions for a functioning patent system, and ultimately for incentivizing innovation. Fabian Gaessler uses quantitative methods to address inter alia the question as to what extent the current institutional design in Germany is conducive to patent enforcement and whether it qualifies as a blueprint for a European unified system.


Since 1978, the Max Planck Society honors up to 30 young scientists and researchers every year with the Otto Hahn Medal for outstanding scientific achievement - to date, more than 940 scientists and researchers.

Award  |  06/13/2017

Michael Moedl receives the Steven Klepper Award for Best Young Scholar Paper at the DRUID17 Conference

Michael Moedl has received the Steven Klepper Award for Best Young Scholar Paper for his paper “Is Wisdom of the Crowd a Positive Signal? Effects of Crowdfinancing on Subsequent Venture Capital Selection“ during the DRUID17 Conference in New York.

Photo: DRUID

The paper examines the impact and signaling effects of crowdfinancing on subsequent venture capital funding rounds. Drawing on a choice experimental research design the author finds causal evidence that crowdfunding – relative to other prefunding sources – is often a negative signal for professional venture investors, but that the “crowd” can nonetheless and under certain circumstances send positive signals increasing the likelihood of subsequent financing rounds.

Event report  |  05/14/2017

Workshop “European Intellectual Property Rights and Jurisdiction in Need of a Grand Design?”

From March 16 to 18, 2017, the Max Planck Institute for Innovation and Competition organized the workshop “European Intellectual Property Rights and Jurisdiction in Need of a Grand Design?” at the Harnackhaus in Berlin.

The workshop focused on four areas:

  • Legal Aspects: Union-wide IP Rights plus Copyrights: The Status Quo including the Role of the ECJ (chair: Matthias Leistner); Patents: The Status Quo including EPO and UPC and the Role of the ECJ (chair: Axel Metzger),
  • Empirical Insights (chair: Annette Kur): EU Trade Mark Infringement Litigation; Patent Litigation,
  • Deficits and Perspectives in the Jurisdiction of IP Rights (chair: Paul Torremans), and
  • Conclusions: In Need of a Grand Design? (chair: Reto Hilty).

The purpose of the event with 40 experts from Germany, Belgium, the Netherlands, Italy, Denmark, Poland, Austria, the United Kingdom, Switzerland and the United States, was to identify deficits and research perspectives for further developing the EU jurisdiction scheme.


The event's organizers, Roland Knaak and Roberto Romandini of the Max Planck Institute for Innovation and Competition, summed up the results: “EU jurisdiction varies widely in its approach to the intellectual property rights. Union-wide jurisdiction is only provided under certain circumstances. For the existing unitary IP Rights, especially trademarks and designs, the Regulations on these rights transfer jurisdiction to the national courts of the Member States, which in certain cases have Union-wide competence. The remaining problems with a Union-wide enforcement of these rights could be mitigated, and possibly overcome, by including further substantive provisions in the Regulations. For European patents with or without unitary effect, the UPC model aiming at establishing Union-wide jurisdiction has been put into question by Great Britain’s impending exit from the EU. Much is still uncertain, and some legal questions concerning the UK´s UPCA membership can only be clearly resolved by the CJEU. As regards copyright law, different models for further developing jurisdiction are conceivable. The options range from shifting the competence to interpret EU copyright provisions from the CJEU to the General Court and limiting the CJEU´s function to questions of primary law, to the establishment of a unitary copyright and EU specialized courts in the sense of the TFEU. A uniform and overarching structure of jurisdiction for all European IP rights is not emerging. It will be the task of fundamental research to work on a model that is capable of consensus.”


See Program

Award  |  03/24/2017

Michael Moedl receives Best Doctoral Paper Award of the Leuphana Conference on Entrepreneurship

Michael Moedl has received the Best Doctoral Paper Award for his paper “Effects of Crowdfunding on Subsequent Venture Capital Selection” during the 7th Leuphana Conference on Entrepreneurship in Lueneburg.

Leuphana Conference on Entrepreneurship

The prize, endowed with 500 Euro, is granted by the German Federal Ministry of Economics and Technology together with the Leuphana Research Center for Entrepreneurship.


The paper examines the impact and signaling effects of crowdfinancing on subsequent venture capital funding rounds. Drawing on a choice experimental research design the author finds causal evidence that crowdfunding – relative to other prefunding sources – is often interpreted as a negative signal by professional venture investors, but that the “crowd” can nonetheless and under certain circumstances send positive signals increasing the likelihood of subsequent financing rounds.

Event report  |  02/22/2017

International Workshop on "New Innovation Policy"

On 21 January 2017 an international workshop on the topic of “Open and User Innovation Policy” was held at the Munich Max Planck Institute for Innovation and Competition.

The purpose of the event, which was organized jointly with the Swedish innovation agency Vinnova and whose participants included 20 political and research experts from Germany, Austria, Sweden, Finland, The Netherlands and Great Britain, was to exchange views on current experience with the growing numbers of new initiatives in different countries on open and user innovation policy. One focal point of the workshop was new approaches in innovation policy, including how to involve individual users and households, as important sources of innovation, in innovation policy. A further meeting is planned for July 2017 in Innsbruck, Austria.


Professor Dietmar Harhoff, Director at the Max Planck Institute that hosted the event, summed up the results: „We discovered that we can learn a lot from each country’s experiences. The processes of innovation are changing rapidly. The group of those who are actively shaping innovation processes is becoming larger and more diverse. A central question, both for innovation research and for policymaking, is what drives this increasing complexity in innovation processes and how can we put its potential to good use. We will continue to pursue this topic avidly.“

Further information: http://blogg.vinnova.se/opendata/open-innovation-policy-meetup/

Miscellaneous  |  02/15/2017

Commission of Experts for Research and Innovation (EFI) presents annual report 2017 on research, innovation and technological performance in Germany to German Chancellor Merkel

On February 15, 2017, the Commission of Experts for Research and Innovation chaired by Prof. Dietmar Harhoff, Ph.D., Director at the Max Planck Institute for Innovation, has presented the tenth report on research, innovation and technological performance in Germany to the German Chancellor Angela Merkel.

f.l.t.r.: Prof. Dr. Christoph Böhringer, Prof. Dr. Uschi Backes-Gellner, Bundesbildungsministerin Johanna Wanka, Bundeskanzlerin Angela Merkel, Prof. Harhoff, Ph.D., Prof. Dr. Monika Schnitzer, Prof. Dr. Ingrid Ott, Prof. Dr. Uwe Cantner. Photo: Svea Pietschmann

The Commission of Experts for Research and Innovation (Expertenkommission Forschung und Innovation - EFI) provides scientific advice to the German Federal Government and periodically delivers reports on research, innovation and technological productivity in Germany. A key task is to provide a comprehensive analysis of the strengths and weaknesses of the German innovation system in an international comparison. Furthermore, Germany's perspectives as a location for research and innovation are evaluated on the basis of the latest research findings. EFI presents proposals for national research and innovation policy.

Miscellaneous  |  01/31/2017

Munich Summer Institute 2017

From May 29 to 31, 2017, the Center for Law & Economics at ETH Zurich, the Institute for Strategy, Technology and Organization at the Ludwig Maximilians University of Munich and the Max Planck Institute for Innovation and Competition will jointly organize the second Munich Summer Institute.

The Summer Institute 2017 will focus on three areas:

  • Digitization, Strategy and Organization (chairs: Jörg Claussen and Tobias Kretschmer),
  • Innovation and Entrepreneurship (chair: Dietmar Harhoff), and
  • Law & Economics of Intellectual Property and Innovation (chair: Stefan Bechtold).

The goal of the Munich Summer Institute is to stimulate a rigorous in-depth discussion of a select number of research papers and to strengthen the interdisciplinary international research community in these areas.

Researchers in economics, law, management and related fields at all stages of their career (from Ph.D. students to full professors) may attend the Munich Summer Institute as presenters in a plenary or a poster session, as discussants or as attendants.


The Munich Summer Institute will feature three keynote lecturers, 18 plenary presentations and a daily poster session (including a poster slam). Paper presentations will be grouped by topics, not discipline or method.


The Munich Summer Institute will be held at the Bavarian Academy of Sciences and Humanities in the heart of Munich. Partizipation is by invitation only. The organizers will fund travel and hotel expenses for all plenary speakers and hotel expenses for all poster presenters and invited discussants.


Key speakers are:

  • Michael Frakes (Duke University),
  • Ajia Leiponen (Cornell University), and
  • Mirjam van Praag (Copenhagen Business School).

Paper selections will be announced at the beginning of March. The program of the Munich Summer Institute will be available on April 1, 2017. Final papers are due for circulation among conference participants on May 1, 2017. Accepted papers will be made available to conference participants on a protected website. Researchers who would like to attend the Munich Summer Institute without giving a presentation should contact one of the organizers by May 1, 2017.


More information is available at http://munich-summer-institute.org. Any questions concerning the Munich Summer Institute should be directed to Stefan Bechtold, Jörg Claussen, Dietmar Harhoff or Tobias Kretschmer.

People  |  12/15/2016

Change of Management of the Institute as of January 1, 2017

As of January 1, 2017, Reto M. Hilty, Director at the Max Planck Institute for Innovation and Competition, will take over as Managing Director of the Institute in rotational duty for a three-year term.

Prof. Dr. Reto M. Hilty

He succeeds Dietmar Harhoff, who held this position since 2015.

Award  |  12/05/2016

Filipe Fischmann receives Deutscher Studienpreis 2016

Filipe Fischmann, until October 2016 a Senior Research Fellow at the Munich Max Planck Institute for Innovation and Competition, has received the Deutscher Studienpreis 2016, the coveted prize awarded each year by the Körber Foundation, for his dissertation “Reverse Payments als Mittel zur Beilegung von Patentstreitigkeiten – Ein Verstoß gegen das Kartellrecht?”(Reverse Payments as a Means to Settle Patent Disputes – A Breach of Competition Law?).

Filipe Fischmann (Max Planck Institute for Innovation and Competition), Edelgard Bulmahn (Bundestag Vice-President). Photo: Körber Foundation / David Ausserhofer

The prize is awarded annually under the auspices of the President of the Bundestag Norbert Lammert for the most important dissertation of the year in each of three areas: Humanities, Social Sciences and Natural Sciences and Technology. The prize recognizes excellent dissertations that are also of great current relevance to society.


In the absence of Norbert Lammert, legal scholar Dr. Fischmann was awarded the prize by Vice-President of the Bundestag Edelgard Bulmahn on 8 November 2016 at the Marie-Elisabeth Lüders Building in Berlin.

Event report  |  11/04/2016

4th Crowdinvesting Symposium „Financial Decision Making and the Internet

The fourth Crowdinvesting Symposium took place on 4 November 2016 at the Max Planck Institute for Innovation and Competition in Munich. The topic of this year’s event was “Financial Decision Making and the Internet”, and it brought together around 70 participants to discuss current research in the areas of FinTech, crowdfunding, crowdinvesting, crowdlending and social trading. In 16 papers and eight slam presentations, economics and law scholars presented the results of their research.

f.l.t.r.: Ethan Mollick (Wharton School, University of Pennsylvania), Florian Prucker (Scalable Capital), Andrea Rexer (Süddeutsche Zeitung, Leiterin Finanzressort), Daniel Halmer (raisin), Lars Hornuf (Universität Trier, Max-Planck-Institut für Innovation und Wettbewerb). Foto: Max Planck Institute for Innovation and Competition

This year’s keynote speaker, Prof. Ethan Mollick of the Wharton School of the University of Pennsylvania, presented his current research, pointing out that crowdfunding today, far from being a niche phenomenon, is as integral a part of start-up financing as venture capital or bank loans. Following the talk was a podium discussion with the keynote speaker and a panel made up of Daniel Halmer from the Berlin-based FinTech raisin, Lars Hornuf of the Universität Trier and the Max Planck Institute for Innovation and Competition, and Florian Prucker from the Munich-based FinTech Scalable Capital. Andrea Rexer, Head of the Financial Section of the Süddeutsche Zeitung, moderated the discussion on current developments in FinTech. One central insight from the discussion is that FinTechs have a positive attitude towards market regulation, particularly when it works to reduce legal insecurities. Another key issue concerned the role that humans and algorithms will play in the future in the various financial markets.


The Crowdinvesting Symposium is an annual event that was initiated in 2013 by Jun.-Prof. Lars Hornuf, University of Trier, and Prof. Lars Klöhn, Humboldt University Berlin. The symposium offers academics and practitioners a platform to exchange ideas about the latest developments in the field of crowdinvesting as well as for networking. Moreover, it is a forum meant to inform legislators on the European and national level on a scientific basis with regard to new legislative proposals or legal reform projects. This conference is part of the research project “Crowdinvesting in Germany, England and the USA: Regulatory Perspectives and Welfare Implications of a New Financing Scheme“, supported by the Deutsche Forschungsgemeinschaft (German Research Foundation).