What Are the Different Types of Evaluation Techniques?

Technical assets mainly include two aspects: one is patent; the other is proprietary technology or applicable technology, including design drawings, processing technology, technical know-how, material formulation, trade secrets and technical management experience, etc., which are technical Useful and monopolistic assets. As the name implies, all assets with technical characteristics can be generally referred to as technical assets. Patents and know-how are intellectual property intangible assets and an important part of intangible assets. They are most active in market economy transactions and are the main objects of technology-based asset evaluation.

Technology asset valuation

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Technical assets mainly include two aspects: one is patent; the other is proprietary technology or applicable technology, including design drawings, processing technology, technical know-how, material formulation, trade secrets and technical management experience, etc., which are technical Useful and monopolistic assets. As the name implies, all assets with technical characteristics can be generally referred to as technical assets. Patents and know-how are intellectual property intangible assets and are an important part of intangible assets.

At present, the basic methods of international technology asset evaluation are:

Example of an Approved Intangible Asset Evaluation An example of the valuation of an intangible asset using the present value of income method is given below. The property right unit is the Twelfth Research Institute of the Ministry of Electronics (hereinafter referred to as Unit A). In order to respect the requirements of users and property rights units, the name of the technology is not given in the text, but "M electronic device technology" is used instead. The result of this assessment has been approved by China Investment Consulting Corporation, and the official seal has been formally effective. The evaluation results are reported as follows:

(1) Designed and evaluated Complete set of technical assets of M electronic device technology prepared by Unit A to be transferred to others, including MDN-1, MDN-2 internal rotation type, and MDW universal type

Factors to consider when evaluating patents and know-how:

1. The situation of the technology itself:

(1) The more advanced the patent and proprietary technology, the greater the innovation gradient, the longer the service life of the technology, the stronger the profitability of the technology, and the higher its value.

(2) The monopoly of technology is strong, the market share of the product is high, the more profit, the higher the price of technology.

(3) Maturity of technology A technology can be roughly divided into the conception phase, test phase, sample phase, mass production phase, and industrialization phase. The stages of technology (maturity) are different, which greatly affects the technology transferee's development cycle, development investment, and development risk. It also directly affects the benefits of technology development, of course, it affects the price of technology transfer, that is, the value of technology evaluation.

(4) The life cycle considers the legal status of technology, because the legal status of technology reflects the degree and time limit of technology's legal protection.

From this, we can analyze the scope and extent of the technology monopoly. For patents, you need to know the type of the patent, the term of the patent's protection (life cycle), at which stage of the cycle, etc. The practice of domestic patent technology transfer shows that the most active and highest turnover patents in the technology market are patents 3 to 5 years after authorization; for most patents, the value of a patent starts from a relatively small value and over time Gradually rising, at a certain point in the 3 to 5 years of the patent grant (this is for invention patents, utility model patents and design patents are shorter), reaching a maximum value, and then unchanged. Therefore, patents have different values in different periods of the life cycle. For the electronics industry, due to rapid technology updates and short cycles, new technologies replace old technologies in 3 to 5 years, and new and old technologies continue to alternate and leap forward.

Therefore, in the evaluation, the shorter life value is taken.

For proprietary technology, confidentiality measures should be considered. For national defense patents and proprietary technologies, we must also consider the scope of use of national policies and laws, which all affect the monopoly of technology and the estimated price of technology.

2. The transfer of technology First analyze what kind of transfer form is the transfer of ownership of the technology or the right to use the technology (also called the right to implement). The profitability of these two types of transfers is very different, so the valuations at these two levels are also very different. If the right to use is transferred, it depends on whether it is an exclusive transfer or multiple transfers. The key is to clarify the scope of rights, which all affect the acquisition of estimated data. Therefore, you should transfer once and negotiate the price once.

3. Consider the transferee's situation. Consider the transferee's fundraising, ability to accept technology, production scale, staff quality, management level and business strategy. Because the success or failure of technology transfer and the magnitude of the profit after the transfer have a great relationship with the transferee's own conditions, which directly affects the benefits generated by the technology, the evaluation should be based on the technology's maximum effectiveness and the maximum Profitability.

4. Analyze the market and industry considering the use of patents and proprietary technologies to produce products produced by the market capacity, similarity and similarity of product substitution and competitiveness, whether to drive the industry or squeeze industry. The output and price of similar products, the average profit of the industry, and the impact of policies all directly affect sales profits and future profitability. Obviously it also affects the estimated price of technology.