Technology Valuation
How valuable a technology is in the marketplace is a complex question. The evaluation process includes a commercial analysis, the inventor's profile, the propriety position, what stage of development the technology is in and a financial analysis.
Specific areas of analysis that must be covered before a technology can be given a value in the market place are:
- Defining the product
- Assessing its perceived industrial value
- Identifying the end user
- Determining the size of the market
- Identifying the competitive edge or uniqueness the technology or invention will have in the market place
- Evaluating how mature the market is
- Knowing what regulatory or liability considerations exist
- Assessing prospective licensees
- Determining the length of the product cycle