IP management is about the way an organization handles it’s intellectual property through different processes of protection, valuation and exploitation. For each process complementary strategies apply, guaranteeing the best choice of commercializing the IP portfolio. The process of protection considers patenting amongst others. During the process of valuation the technology can be evaluated by quantitative or qualitative approach or as a combination of both. How to bring the technology to the market, how to create business etc. are questions that are dealt with during the exploitation process.