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Evaluating and Valuing Patents

In: Patent Management

Author

Listed:
  • Oliver Gassmann

    (University of St. Gallen)

  • Martin A. Bader

    (Technische Hochschule Ingolstadt)

  • Mark James Thompson

    (IP Australia)

Abstract

A challenge for patent management is to identify ideas worth patenting and to evaluate them appropriately. A structured procedure for the evaluation and selection of patents as well as a continuous review of the patent portfolio are indispensable for cost–benefit optimization. Various qualitative and quantitative evaluation methods have been established for the evaluation of patents, which are presented here. This chapter divides the task of patent appraisal into two distinct categories: patent evaluation—the business case for a patent, and patent valuation—the monetary value of a patent. The St. Gallen Approach to Managing Technologies and Patents presented here shows how a systematic approach to the management of patent portfolios can be implemented from the evaluation and control of patents.

Suggested Citation

  • Oliver Gassmann & Martin A. Bader & Mark James Thompson, 2021. "Evaluating and Valuing Patents," Management for Professionals, in: Patent Management, edition 1, chapter 3, pages 51-93, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-59009-3_3
    DOI: 10.1007/978-3-030-59009-3_3
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