  This study assesses the degree to which the social value of patents can be
connected to the private value of patents across discrete and complex
innovation. The underlying theory suggests that the social value of cumulative
patents is less related to the private value of patents. We use the patents
applied between 1995 to 2002 and granted on or before December 2018 from the
Indian Patent Office (IPO). Here the patent renewal information is utilized as
a proxy for the private value of the patent. We have used a variety of logit
regression model for the impact assessment analysis. The results reveal that
the technology classification (i.e., discrete versus complex innovations) plays
an important role in patent value assessment, and some technologies are
significantly different than the others even within the two broader
classifications. Moreover, the non-resident patents in India are more likely to
have a higher value than the resident patents. According to the conclusions of
this study, only a few technologies from the discrete and complex innovation
categories have some private value. There is no evidence that patent social
value indicators are less useful in complicated technical classes than in
discrete ones.
