Early patterns of commercial activity in graphene

Graphene, a novel nanomaterial consisting of a single layer of carbon atoms, has attracted significant attention due to its distinctive properties, including great strength, electrical and thermal conductivity, lightness, and potential benefits for diverse applications. The commercialization of scientific discoveries such as graphene is inherently uncertain, with the lag time between the scientific development of a new technology and its adoption by corporate actors revealing the extent to which firms are able to absorb knowledge and engage in learning to implement applications based on the new technology. From this perspective, we test for the existence of three different corporate learning and activity patterns: (1) a linear process where patenting follows scientific discovery; (2) a double-boom phenomenon where corporate (patenting) activity is first concentrated in technological improvements and then followed by a period of technology productization; and (3) a concurrent model where scientific discovery in publications occurs in parallel with patenting. By analyzing corporate publication and patent activity across country and application lines, we find that, while graphene as a whole is experiencing concurrent scientific development and patenting growth, country- and application-specific trends offer some evidence of the linear and double-boom models.