The valuation tool exposed in this case is intended to facilitate valuation within technology transfer activities. This tool, composed of an excel document, embraces three quantitative valuation approaches, namely cost, income, and market. This valuation tool, and the related case, will grant technology transfer officers a solution in order to choose a valuation method, and to conduct the chosen valuation activity accordingly.
www.FITT-for-Innovation.eu
This chapter focuses on how outputs from research and development activities can be exploited and how technology transfer officers can initiate and support the transfer. The exploitation process will explain how a transfer officer can impact the exploitation of results by the socio economic environment.
www.FITT-for-Innovation.eu
Arolys | The key of your competitiveness / Value Analysis and Design to CostArolys
http://www.arolys.com
Professional of competitiveness, we bring companies to recast their product offers for competitive savings thanks to simple, straightforward and fast methods: design to cost and value analysis.
http://www.arolys.com/index.php/en/Conseil-competitivite/Design-to-cost/product-competitiveness-counselling.html
http://www.arolys.com/index.php/en/Conseil-competitivite/Design-to-cost/competitive-design.html
http://www.arolys.com/index.php/en/Conseil-competitivite/Conseil-innovation/product-innovation.html
http://www.arolys.com/index.php/en/Conseil-competitivite/Reduction-diversite/rationalized-diversity.html
Invention disclosure can be formalised by using a template, filled in by inventors with the help of a TT officer. The template presented in the Toolbox includes administrative and contractual information, invention description and transfer strategy foreseen and the latter to be adapted in respect of the patent policy implemented by the public research organisation. The procedure being clear and supervised by TTO, it allows to better trace inventions and identify transfer opportunities.
www.FITT-for-Innovation.eu
This practice is dedicated to quantitative approaches to valuation of intangible assets. It focuses on the key advantages and drawbacks of various cost, market and income approaches. Reading this document, the reader will understand how and which method to use in order to practically estimate a financial value of research and development projects outcomes.
www.FITT-for-Innovation.eu
The valuation process is dedicated to the various quantitative methods which can enable technology transfer actors to estimate the value of any intangible assets. Transfer practitioners will gain from reading this process an initial understanding of the various valuation methods and their respective drawbacks.
www.FITT-for-Innovation.eu
This chapter focuses on how outputs from research and development activities can be exploited and how technology transfer officers can initiate and support the transfer. The exploitation process will explain how a transfer officer can impact the exploitation of results by the socio economic environment.
www.FITT-for-Innovation.eu
Arolys | The key of your competitiveness / Value Analysis and Design to CostArolys
http://www.arolys.com
Professional of competitiveness, we bring companies to recast their product offers for competitive savings thanks to simple, straightforward and fast methods: design to cost and value analysis.
http://www.arolys.com/index.php/en/Conseil-competitivite/Design-to-cost/product-competitiveness-counselling.html
http://www.arolys.com/index.php/en/Conseil-competitivite/Design-to-cost/competitive-design.html
http://www.arolys.com/index.php/en/Conseil-competitivite/Conseil-innovation/product-innovation.html
http://www.arolys.com/index.php/en/Conseil-competitivite/Reduction-diversite/rationalized-diversity.html
Invention disclosure can be formalised by using a template, filled in by inventors with the help of a TT officer. The template presented in the Toolbox includes administrative and contractual information, invention description and transfer strategy foreseen and the latter to be adapted in respect of the patent policy implemented by the public research organisation. The procedure being clear and supervised by TTO, it allows to better trace inventions and identify transfer opportunities.
www.FITT-for-Innovation.eu
This practice is dedicated to quantitative approaches to valuation of intangible assets. It focuses on the key advantages and drawbacks of various cost, market and income approaches. Reading this document, the reader will understand how and which method to use in order to practically estimate a financial value of research and development projects outcomes.
www.FITT-for-Innovation.eu
The valuation process is dedicated to the various quantitative methods which can enable technology transfer actors to estimate the value of any intangible assets. Transfer practitioners will gain from reading this process an initial understanding of the various valuation methods and their respective drawbacks.
www.FITT-for-Innovation.eu
The Cost Approach case develops the example of a trended historical cost approach to valuation for a pool of patents. It is based on tangible experience incoming from TUDOR technology transfer activities. Although historical cost approaches to valuation are often presented as the simplest of all quantitative valuation methods, the reader will understand some drawbacks and key elements in order to ensure a valid valuation in such a framework.
www.FITT-for-Innovation.eu
In assessing the market opportunities of a particular technology, it is important to consider whether the technology should be patented or not, and whether the technology should be licensed or put in a spin-off. Commercial Services is a group of three people at Imperial Innovations that investigates the market potential of new incoming projects and idea proposals. They give advice with respect to commercialization based upon thorough market research which they perform in close collaboration with industry.
www.FITT-for-Innovation.eu
Technology Applicability Framework (TAF) –a tool for scaling up and monitori...IRC
By André Olschewski – Skat Foundation Switzerland and Benedict Tuffuor – TREND Ghana. Prepared for the Monitoring sustainable WASH service delivery symposium, Addis Ababa, Ethiopia, 9-11 April 2013.
Cost estimation is a critical task due to the small margins between production cost and selling price in a competitive market. For machining companies, this process is complex because of the high amount of variation occurring. An intelligent software system provides accurate cost estimation based on 3D CAD models.
This presentation by Claudio Calcagno, Director, GMT Economics, was made during the discussion “Economic analysis and evidence in abuse cases” held at the 20th meeting of the OECD Global Forum on Competition on 7 December 2021. More papers and presentations on the topic can be found out at oe.cd/eac.
Importance of management of intellectual property (IP) assets is precondition for driving successful businesses nowadays. IP culture development and IP strategy are part of mainstream management skills and it makes knowledge enhancement an advantage for business growth.
Exploring the use of signals in the venture emergence of new technology-based...University of Stuttgart
Presentation at 20th ICE Conference – IEEE TMC Europe Conference 23-25 June 2014, Bergamo, Italy.
Abstract: New technology-based firms have to deal with the
technology development and market search challenges at the same time. The venture emergence in technology entrepreneurship symbolizes that the new venture has been able to find the right fit for its technology and becomes an operating business. The complex nature and dynamism of technology markets suggest the need to look beyond the venture resources in order to explain how new ventures overcomes the market uncertainty towards their technological products, and become operational businesses. We use a multiple case study of three new technology-based firms to explore the use of signals as market creation strategies in the context of venture emergence. The results suggest that entrepreneurs rely on market, technology and social capital signaling to reduce the uncertainty and advance towards venture emergence. This research holds implications for researchers interested in further exploring the integration of marketing, signaling and entrepreneurship theories and for entrepreneurs interested in overcoming the market uncertainty towards their technology, products and venture performance.
Presentation delivered during 9th Seminar on Media and the Digital Economy (21-22 March 2019, Florence).
http://fsr.eui.eu/event/annual-scientific-seminar-on-media-and-the-digital-economy-9th-edition/
Prof. Thomas Baaken:Science-to-Business Marketing - A new Model in Knowledge ...FITT
This presentation was held by Prof. Thomas Baaken during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
Mario Cameron: Turning Science into Business: From Research to Market – the E...FITT
This presentation was held by Dr. Mario T. Cameron during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
The Cost Approach case develops the example of a trended historical cost approach to valuation for a pool of patents. It is based on tangible experience incoming from TUDOR technology transfer activities. Although historical cost approaches to valuation are often presented as the simplest of all quantitative valuation methods, the reader will understand some drawbacks and key elements in order to ensure a valid valuation in such a framework.
www.FITT-for-Innovation.eu
In assessing the market opportunities of a particular technology, it is important to consider whether the technology should be patented or not, and whether the technology should be licensed or put in a spin-off. Commercial Services is a group of three people at Imperial Innovations that investigates the market potential of new incoming projects and idea proposals. They give advice with respect to commercialization based upon thorough market research which they perform in close collaboration with industry.
www.FITT-for-Innovation.eu
Technology Applicability Framework (TAF) –a tool for scaling up and monitori...IRC
By André Olschewski – Skat Foundation Switzerland and Benedict Tuffuor – TREND Ghana. Prepared for the Monitoring sustainable WASH service delivery symposium, Addis Ababa, Ethiopia, 9-11 April 2013.
Cost estimation is a critical task due to the small margins between production cost and selling price in a competitive market. For machining companies, this process is complex because of the high amount of variation occurring. An intelligent software system provides accurate cost estimation based on 3D CAD models.
This presentation by Claudio Calcagno, Director, GMT Economics, was made during the discussion “Economic analysis and evidence in abuse cases” held at the 20th meeting of the OECD Global Forum on Competition on 7 December 2021. More papers and presentations on the topic can be found out at oe.cd/eac.
Importance of management of intellectual property (IP) assets is precondition for driving successful businesses nowadays. IP culture development and IP strategy are part of mainstream management skills and it makes knowledge enhancement an advantage for business growth.
Exploring the use of signals in the venture emergence of new technology-based...University of Stuttgart
Presentation at 20th ICE Conference – IEEE TMC Europe Conference 23-25 June 2014, Bergamo, Italy.
Abstract: New technology-based firms have to deal with the
technology development and market search challenges at the same time. The venture emergence in technology entrepreneurship symbolizes that the new venture has been able to find the right fit for its technology and becomes an operating business. The complex nature and dynamism of technology markets suggest the need to look beyond the venture resources in order to explain how new ventures overcomes the market uncertainty towards their technological products, and become operational businesses. We use a multiple case study of three new technology-based firms to explore the use of signals as market creation strategies in the context of venture emergence. The results suggest that entrepreneurs rely on market, technology and social capital signaling to reduce the uncertainty and advance towards venture emergence. This research holds implications for researchers interested in further exploring the integration of marketing, signaling and entrepreneurship theories and for entrepreneurs interested in overcoming the market uncertainty towards their technology, products and venture performance.
Presentation delivered during 9th Seminar on Media and the Digital Economy (21-22 March 2019, Florence).
http://fsr.eui.eu/event/annual-scientific-seminar-on-media-and-the-digital-economy-9th-edition/
Prof. Thomas Baaken:Science-to-Business Marketing - A new Model in Knowledge ...FITT
This presentation was held by Prof. Thomas Baaken during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
Mario Cameron: Turning Science into Business: From Research to Market – the E...FITT
This presentation was held by Dr. Mario T. Cameron during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
Clustering and networking activities are relationship-based activities that support sharing and developing of competences, knowledge and methods. The documents within the toolbox have a clear focus on activities in the area of technology transfer. Networking and clustering activities are critical leverages for all transfer activities presented in this toolbox, namely: opportunities identification, IP management, Human resources and focused value proposition.
www.FITT-for-Innovation.eu
The presented Network Scorecard suite is a method aimed at supporting the strategic and operational management processes of networks. It relies on three principles: It is a participatory approach, where the networks key actors jointly define a shared vision of their networks performance. Moreover, its integrated approach covers the management cycle of the network including the definition of a strategy, a plan of action and a scorecard. And finally, it structures a network performance on four dimensions: the benefits to the members, implication of the members, external context and organization. The practice presents all necessary steps to involve the key actors of the network and structure the process.
www.FITT-for-Innovation.eu
Cluster Managers have expressed their interest in innovative tools that bundle knowledge and is continuously updated. To meet their demands, MFG has implemented an interactive Cluster Manual based on the Wiki principle. The Cluster Manual gives cluster newbies a ‘basic’ guideline and offers cluster managers an in-depth source for every aspect of cluster issues. Additionally, it documents success stories and best practice examples to build up a repository of internal generated knowledge (‘learn from the best’), gives an overview of the most important literature in the area of Cluster Management and combines all this with the knowledge of experts.
www.FITT-for-Innovation.eu
The Balanced Scorecard methodology is used, to give mangers a tool for translating a strategy or a vision into actions and to reach the set targets. The MFG Balanced Scorecard gives cluster managers a tool for managing their cluster initiatives by defining concrete objectives based on their vision and strategy. The Balanced Scorecard methodology helps to clarify and translate vision and strategy, to communicate and link strategic objectives with actions, to plan, set and align strategic initiatives and to enhance strategic feedback and learning.
www.FITT-for-Innovation.eu
Professional tools for cluster or network management are more important than ever as the management plays a decisive role for the success or the failure of a cluster initiative/network. Today there are no general cluster/network management methods available to optimize the management. The presented practices use the Balanced Scorecard method which gives the mangers a tool to professionalize the management and to monitor activities including measuring successes.
www.FITT-for-Innovation.eu
FITT Toolbox: International Technology Transfer NetworksFITT
Many international networks are active in the field of technology transfer and give the opportunity to: be in touch with pairs at the international level, access to training and seminars, exchange of good practices and experiences, find partners or investors, promote an innovation and much more. The choice of the network of which you could be a member can be a challenge. The goal of this practice is to give you a quick overview of the existing organisations, and can be a guide for the choice of such a network.
The presented online cooperation platform was developed to give cluster managers and other cluster stakeholders access to current information and trends. It is set up in form of a Social Network on the topic ‘cluster management’ and offers users/members a central information tool, where knowledge is documented and exchange is fostered. Therefore it is an efficient way to foster exchange between experts, to build up a repository of knowledge including success stories and to present the topic to a broader public.
www.FITT-for-Innovation.eu
The network support services support the networks' sustainability by providing a set of logistics and communication services. Access to these services is conditioned by an agreement between the technology transfer officer and the network and the compliance with a charter. This agreement creates the conditions for a long-term cooperation and a win win situation: the networks gain access to free logistics and communication services, while the transfer officer gains access to strategic information from the field, the opportunity to develop specific partnerships and legitimacy.
www.FITT-for-Innovation.eu
FITT Toolbox: Technology Transfer (TT) CollaborationFITT
The chapter TT collaboration addresses the topic of networking at two levels: Firstly, the added value of participating in networks for people active in technology transfer is highlighted at an international level. Additionally, at a local level, technology transfer network with local actors reinforces their local embeddings and grants a privileged, neutral and legitimate channel for two-ways transfer between transfer officers and other stakeholders.
www.FITT-for-Innovation.eu
The presented case study is about Siruna NV, which has developed software for real time deployment of mobile websites through a dual Open Source business model. Although this model is not widely adapted, this model can be easily copied as far as it helps to cover development costs by the help of a large and free developer community, helps to market the product, quickly, sets a reference in a rapidly evolving market and succeeds in creating value within an open source setting.
www.FITT-for-Innovation.eu
Dr. Carolina Garcia Rizo: Commercializing Innovative Technologies: The US Per...FITT
This presentation was held by Dr. Carolina Garcia Rizo during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
The Business Model Design practice supports the definition of a sustainable business model, collaboratively with all its stakeholders. To Technology Transfer Officers this practice proposes reference canvas and tools easily tailored to support most business strategic decision. To researchers, this practice is in essence a way to promote a sound business culture and a set of tools to facilitate the design of a business model. Its foundation from the design science make it practical and result oriented.
www.FITT-for-Innovation.eu
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Software Delivery At the Speed of AI: Inflectra Invests In AI-Powered QualityInflectra
In this insightful webinar, Inflectra explores how artificial intelligence (AI) is transforming software development and testing. Discover how AI-powered tools are revolutionizing every stage of the software development lifecycle (SDLC), from design and prototyping to testing, deployment, and monitoring.
Learn about:
• The Future of Testing: How AI is shifting testing towards verification, analysis, and higher-level skills, while reducing repetitive tasks.
• Test Automation: How AI-powered test case generation, optimization, and self-healing tests are making testing more efficient and effective.
• Visual Testing: Explore the emerging capabilities of AI in visual testing and how it's set to revolutionize UI verification.
• Inflectra's AI Solutions: See demonstrations of Inflectra's cutting-edge AI tools like the ChatGPT plugin and Azure Open AI platform, designed to streamline your testing process.
Whether you're a developer, tester, or QA professional, this webinar will give you valuable insights into how AI is shaping the future of software delivery.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
1. Valuation Tool
FITT
– Fostering Interregional Exchange in ICT Technology Transfer –
www.FITT-for-Innovation.eu
Except where otherwise noted, this work is licensed under a Creative Commons Attribution 3.0 License.
2. Practice in general
The objective of this case is to expose an excel-based worksheet (the Tool)
designed to support valuation processes
This Tool aims at assisting “quantitative” valuation methods
• Facilitates valuation processes
• Helps choosing among a quantitative valuation method
• Cost Approach
• Market Approach
• Income Approach
Tool was designed for internal use at Tudor
• Tool is a work in progress, aimed at being optimized through further use experience
Tool needs adaptation on a case-by case basis
2 | April 2011 Valuation Tool
3. Valuation methods used in Tool
Cost Approach
Measures the value of an intangible asset by taking into account all relevant costs
invested or related to the appraised asset
Historic costs : accounting all costs (effective and sunk) directly related to the
appraised asset (such as securing, research, development, and licensing-in
costs)
Replacement costs : valuing the costs for buying an asset bringing the same utility
than the appraised one
Reproduction costs : valuing the costs induced in creating, at the time of the
appraisal, a similar asset based on actual knowledge
Cost approach is generally favored under high uncertainty and limited information
3 | April 2011 Valuation Tool
4. Valuation methods used in Tool
Market Approach
Value consists in the price of a comparable asset in a similar market transaction. Market
approach relates to the quantification and adjustment of pricing multiples in order to create
theoretical comparable conditions
Lack of active and transparent market for IP transactions and market dynamics have to be taken
into account in the process
Income Approach
Measures the value of an intangible asset by reference to the expected and actualized
benefits, incomes or saved costs over the remaining life of the asset. Such prospective-
based quantification of financial flows needs to take into account various risk-related factors
such as
Endogenous : Extend of IP protection, nature of competition, …
Exogenous : Substitute product development risks, maturity of market, …
4 | April 2011 Valuation Tool
5. The Tool – Part 1 (Choosing a valuation
method)
Various parameters help choosing among valuation methods
Maturity of technology
Based on the notion of the technology life cycle. The maturity of a technology impacts the amount
of products based on such technology available on markets at the time of valuation.
Strong maturity is needed for market approaches.
Level of novelty
Is to be considered strictly for the considered market . An asset under valuation can be old from a
technological standpoint, but new for a given market.
High level of novelty favor cost and income approaches.
5 | April 2011 Valuation Tool
6. The Tool – Part 1 (Choosing a valuation
method)
Nature of technology
Either discrete (asset usable solely) or complex, meaning that the use of such technology
relies on the necessity to use other dependant technologies.
Complex technologies favor cost and income approaches.
Substitutable technologies
Availability of other technologies that can be use in order to replace an existing one with no or
minimal loss of utility
For replacement costs, technologies need to be substituable.
Sustainaible technologies
Implies that they have a potential for a long life cycle remaining
Sustainability favors income approaches.
6 | April 2011 Valuation Tool
7. The Tool – Part 1 (factors impacting royalty
and risks)
Impacting factors (which need to be analyzed prior to valuation activity)
• Legal-focused criterias
Freedom to operate (based on third party IP)
Level of Protection granted by IPR (level of appropriability)
• Internal and organisational-focused criterias
Nature of the value proposal (understanding of how value will be created)
Accounting rules and reporting methods (if important)
• External and market-related criterias
Market risks (strong or weak – known or unclear)
Comparable markets (existing or not)
Consumer behaviour (understood and “rationnal” or not)
7 | April 2011 Valuation Tool
8. Historic Cost Approach
Inflation and
depreciation should
be managed
externally
8 | April 2011 Valuation Tool
9. Market Approach
Market price for comparable technology/asset (known
price)
Example : 1 M€
Advantage induced by this comparable
technology/asset
Example : 20% productivity gain
Number of years of technology/asset exploitation on
market + inflation rate
Current value of comparable technology
1M€ x (1- 0,03)^5
Valuated technology
Gain for the valuated technology
Example : valuated technology permits a 30%
productivity gain
Value of technology
20% gain = 858k€
30% gain = 1,288k€ (50% increase)
9 | April 2011 Valuation Tool