Analysis of IP Valuation Product of LIPI IDP000040604 as Marketing Strategy for Promotion of Innovative and Inventive Activities
DOI:
https://doi.org/10.12695/ajtm.2017.10.1.4Keywords:
Valuation IP, Future economic benefit, Qualitative and quantitative methods, High opportunity, Royalty rateAbstract
Abstract. IP Valuation means the process of how to compare object patented (protected) and its characteristics with the similar to gain a benefit. In this research, the product that value has been registered and certified for the patent in Indonesia with number IDP000040604. IP Valuation conducted to estimate the potential future economic benefit of this product. Qualitative and quantitative methods carry out to determine the value of IP. A qualitative method performed by in-depth analysis for Legal, Technology, Market and Finance indicators. A quantitative method conducted to determine the value of IP by using income approach with DCF method. From the qualitative analysis it shows that the product is in low risk and high opportunity quadrant, and from quantitative analysis, it shows that the NPV of the product is Rp.52.088.550,- with a royalty rate of 7% with estimated turnover about Rp.692.921.848,- for 10 years of useful economic life.
Keywords: IP Valuation, future economic benefit, qualitative and quantitative methods, high opportunity, royalty rate
Downloads
References
Anderson, A. (1992). The Valuation of intangible assets—Special Report No. P254. London: The Economist Intelligence Unit.
Arora, A. F. (2001). Markets for technology: the economics of innovation and corporate strategy. MIT Press, Cambridge.
Georgia-Pacific Corp. v. United States Plywood Corp, Civ. A. No. 99-195. (United States District Court, S. D. May 28, 1970).
Grosse, R. (1996). International technology transfer in services. Journal of International Business Studies, 27, 782.
Gurbiel, R. (2002). Impact of innovation and technology transfer on economic growth: the central and eastern europe experience. Warsaw School of Economic.
IPCC. (2000). Methodological and technological issues in technology transfer. IPCC Special Report.
IPScore. (2010). Retrieved from [online], Available: http://www.epo.org/searching-for-patents/business/ipscore.html#tab1
IVSC. (2011). (International Valuation Standards Council)-Professional Board Meeting documents, 3 November 2011.
Parr R.L, G. S. (1994). Quantitative methods of valuing intellectual property, in: M. Simensky, L.G. Bryer (Eds.), The New Role of Intellectual Property in Commercial Transactions. New York: Wiley.
Spasic, O. (2011). WIPO workshop on innovation, intellectual asset management and successful technology licensing: wealth creation in the arab region. Valuation IP Workshop Material , Oman.
Susan Chaplinsky, Payne. G. (2002). Methods of intellectual property valuation. Charlottesville, VA: University of Virginia Darden School Foundation.
Tirmale, A. (2013). Patent valuation: influencing factors and methods from investor’s perspective. Maastricht University.
Turner, J. (2000). Valuation of intelectual property assets; valuation techniques: paramaters, methodologies and limitations. Taejon, Republic of Korea.
V. Chiesa, E. G. (2005). The valuation of technology in buy-cooperate-sell decisions. European Journal of Innovation Management, 8.
WIPO. (2016). WIPO Publication, what is intellectual property? Retrieved from [online] Available: http://www.wipo.int/edocs/pubdocs/en/intproperty/450/wipo_pub_450.pdf
Wurzer, A. (2010). Intellectual property valuation and technology transfer. Jakarta.
Downloads
Submitted
Accepted
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Copyright @2017. This is an open-access article distributed under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (http://creativecommons.org/licenses/by-nc-sa/4.0/) which permits unrestricted non-commercial used, distribution and reproduction in any medium
