Main purposes of this module
- to provide an introduction to and overview of the different valuation approaches, with an emphasis on the income approach
- to exemplify patent valuation on the basis of economic, technological and legal perspectives
Topics covered in this module:
- The legal perspective
- The technology perspective
- The market perspective
More information
A key requirement for valuable enabling technologies of products/solutions is the ownership of such technologies, which is gained through appropriate patents or utility models. The value of a technology is based on various aspects: the patentability of the technology, the risk of infringement, its traceability and its successful enforcement, and valuable licensing agreements based thereon.
From the technology perspective, the value depends to a large extent on the feasibility, risk/probability of success and development time. Other evaluation criteria are the potential gain of know-how through the idea and the advantage over existing technologies.
The market perspective looks at potential improvements in the competitive situation from the point of view of the customer, the competitor and the market. Special attention is given to disruptive innovation. In addition, complementary factors to generate income need to be taken into consideration.