Intellectual Property and Assessing its Financial Value

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Assessing the financial value of intellectual property

identifying and evaluating a possible business, and then realizing its full

potential and full value.

Not all new IP can generate value, and a lot of new technologies and

products fail in the market. It is important to assess thoroughly the value

of newly created products, processes, services, and items subject to IP,

even prior to protecting the possible new IP. Scientific curiosity will not

always result in a commercially viable product. In addition, sufficient

focus and effort need to be given to the valorization of new IP.

Baggott et al. (2008) reported that over a ten-year period (1991–2000) ...