Abstract
Copyright © 2012 Kamarulzaman Ab Aziz, Hezlin Harris and Nor Azlina Ab. Aziz. This is an open access article distributed under the Creative Commons Attribution License unported 3.0, which permits unrestricted use, distribution, and reproduction in any medium, provided that original work is properly cited. Contact author: Kamarulzaman Ab Aziz E-mail: kamarulzaman.aziz@mmu.edu.my Intellectual Property Valuation Decision Support System for University Research Output: A Conceptual Model
Highlights
The importance of universities and their research, development as well as commercialization (R, D & C) activities has been widely recognized (Candell and Jaffe, 1999; Ndonzuau et al, 2002)
Commercializing university research outputs or intellectual property is an imperative facet in the National Economic Model of the 10th Malaysian Plan (2011-2015) whereby innovation-based economy is the vehicle identified to drive Malaysia into becoming a high-income nation
Iii) The income-based models: Make use of forecast future revenues to develop a current estimate of the asset value. It is based on the future economic benefits produced by the intellectual property, where we look at the projected incremental profits or costs savings from using the Intellectual Property (IP) (Pitkethly, 2002; Matsuura, 2004; Goldheim et al, 2005; Reilly, 2009; Ernst, Legler and Lichtenthaler, 2010)
Summary
The importance of universities and their research, development as well as commercialization (R, D & C) activities has been widely recognized (Candell and Jaffe, 1999; Ndonzuau et al, 2002). Commercializing university research outputs or intellectual property is an imperative facet in the National Economic Model (NEM) of the 10th Malaysian Plan (2011-2015) whereby innovation-based economy is the vehicle identified to drive Malaysia into becoming a high-income nation (Economic Planning Unit, 2010). A vital aspect of this innovation-based economy is Intellectual Property (IP) and the ancillary issues that arise from it, such as the creation, protection, management and commercialization aspects. These factors play an important role in the National Intellectual Property Policy’s ultimate aim which is to develop a vibrant IP industry as a driver for innovation and creativity that is essential in sustaining Malaysian’s economic growth.
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