Higher Education Academy Engineering Subject Centre

Establishing, identifying  and protecting intellectual property can be expensive. In order to justify this expense, businesses need to establish that the IP in question has a value. This value is typically in terms of saving costs, and/or of increasing incomes; but such valuation is a subjective and difficult exercise.  If value is found, businesses then have another decision to make - how is this value best exploited? Is it best done within the business, or should  it  be sold or licensed out to other businesses. This is the IP value-adding cycle, and it is a process that needs to be constantly monitored and managed.

Links:

ESRC guidance on access to research outputs - Economic and Social Research Council.

Exploiting Intellectual Property in a complex world - PriceWaterhouseCoopers. PwC researched senior executives' and industry leaders' changing attitudes to the challenges of managing intellectual property in today's global economy.

Extracting/Adding Value from IPR - Dr Jackie Maguire, CEO, Coller IP Management.

Managing our Intellectual Property - Research Councils UK.

The Valuation of Intellectual Property - Trefor McElroy, Business School , Bournemouth.  

What is intellectual asset management? - Intellectual Assests Centre, Scotland.