A valuation process for intellectual property in a technology park environment

Bose, Sanjoy (2004) A valuation process for intellectual property in a technology park environment. Other Degree thesis, Victoria University.


With the rapid development of the global economy, intellectual capital has become a critical driver of a business's sustainability. The essential difference between companies operating in the 'old' and the 'new' economy is that, where value in the past was created within industrial sectors such as manufacturing, education, retail, wholesale and financial services, value in the future will be created primarily from the application of knowledge. Increasingly, the main assets of 'smart' companies will be in the form of intellectual, and not physical, capital. Technology development is a logical product of intellectual capital. Thus, in the new economic paradigm, companies perceive technology developments as necessary commercial activities to underpin their competitive standings, and provide a platform for economic growth, profitability and shareholder value. However, the development of commercially viable intellectual capital projects also requires substantial investments in intellectual property, often without certainties of success. Since valuation techniques and processes are crucial for business investments, this paper evaluates the various methods that are currently used to value intellectual capital and intellectual property, and finds that, in view of substantial inadequacies, there has arisen an imperative need to develop a n e w process for valuing these.

Additional Information

Doctor of Business Administration

Item type Thesis (Other Degree thesis)
URI https://vuir.vu.edu.au/id/eprint/16092
Subjects Historical > FOR Classification > 1403 Econometrics
Historical > FOR Classification > 1402 Applied Economics
Current > Division/Research > Graduate School of Business
Keywords intellectual property, new economy, knowledge economy, technology parks, technology park environment, business investments, intellectual capital projects, valuation, value, Australia, Australian
Download/View statistics View download statistics for this item

Search Google Scholar

Repository staff login