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Martin Brassell, CEO of Inngot, has contributed a thought leadership piece on IP valuation to Intellectual Asset Management’s first ever Guide to Monetisation. Martin’s article, entitled Monetising Intangibles: The Value Question, can be found here.
Drawing on more than 15 years of experience of advising companies, banks, investors, insurers and policy makers across Europe and Asia on ways to support businesses and economic growth by unlocking IP value, Martin explains the opportunities and challenges IP valuations offers and takes readers through the pros and cons of the main valuation methods.
As he says, IP valuation has become crucial to modern business practices and economies because “where value used to be associated with producing more, it is now dependent on knowing more.”
He explores accounting rules, which in the main do not allow IP to be included on the balance sheet except in terms of certain development costs in certain specific cases. He then looks at ongoing work by the accountancy rules setters The International Accounting Standards Board to come up with new approaches that would allow intangible value to be better reflected.
He also explains the main internationally accepted valuation methodologies, and their advantages and disadvantages. As with the IASB, the International Valuation Standards Council is examining ways to adapt rules on valuation to change how intangibles are handled.
And he looks at steps being taken by Governments around the world to address the shortage of information on IP value that exists and that can hamper IP-rich companies looking to grow.
Until these changes happen, though, he concludes:
“For the present, however, technology companies wishing to leverage the value of their patents and other intangible assets will need to find a way to express it separately from any statutory obligations.”
Martin Brassell is a globally recognised expert in the use of IP and intangible assets in raising business finance. He co-founded Inngot in 2009 with former law professor and ex-President of Bangor University Iwan Davies, an expert on the use of IP in business finance and on how lenders and investors can use it as security.
Inngot provides online tools to help companies, particularly SMEs, identify and value their IP cost effectively and establish its suitability for use as collateral. A number of major banks already use Inngot’s tools in their lending decision processes, including NatWest and HSBC.
Inngot also delivers bespoke IP valuation, evaluation, market scoping and other research projects for companies and for government bodies, NGOs, and intellectual property offices and innovation agencies around the world.
Martin Brassell has written/co-written research reports and influential publications on IP in finance for the UK Intellectual Property Office, Intellectual Property Office of Singapore, the World Intellectual Property Office, and the Organisation for Economic Cooperation and Development, amongst others.
Martin is an RSA Fellow and a member of CIPA’s IP Commercialisation Committee and of the IP Finance Advisory Group, organised by the UK IPO. IAM Magazine has recognised him as one of the top 300 IP strategists worldwide.
