Promotion of Intellectual Activity Results of Scientific Organizations. Value Estimation

Abstract

We consider approaches to assessing the value of intellectual activity results (IAR) from the points of view of the seller and the buyer. The analysis was carried out on the basis of a comparison of the total costs of implementing IAR in which the purchase of a license may be only a part of the costs. The analysis takes into account the risks associated with the implementation of IAR. They can potentially lead to reducing the economic performance in the realization of IAR. The authors examine choices of buyers and sellers in relation to the purchase and sale of IAR, taking into account the scale of the markets available to them. Some considerations explaining the low activity on the IAR market in Russia by the scale of business and the size of manufacturing companies are presented. We define the reasons for the low interest of scientific organizations in promoting IAR for sale. They are a consequence of the small volume of markets and can also be explained by the fact that using budgetary funds, research institutions can cover the costs of creating IAR more substantially than they can by selling IAR on the market. We have formulated proposals that make it possible to increase the efficiency of the work of scientific organizations with IAR. In particular, a reasonable economic policy focuses on sales of IAR through R&D (including with the assistance of extra-budgetary funds). With regard to the reserves being created, it is advisable to use protection options that do not disclose the essence of the IAR and uphold the protection period with significant time spent on searching. This, for instance, may be an option to set up a trade secret regime with subsequent patenting within the framework of R&D for the benefit of a particular buyer. This approach reduces the risks not only for the seller, but also for the buyer. For government agencies, it can be recommended to increase the importance of license sales while assessing efficiency in comparison with simple registration of IAR. It is advisable to finance applied R&D involving the creation of IAR if there is a guarantee for the implementation of the corresponding IAR by developers or industrial partners.