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Companies uncover over £1bn using Inngot’s Sollomon tool

Blog post - Companies uncover over £1bn using Inngot’s Sollomon IP valuation tool

Companies have now identified and valued intellectual property and intangible assets (IP) worth over £1bn ($1.3bn), using Inngot’s world-first Sollomon® online IP valuation tool.

Many of these companies have gone on to use the value uncovered in negotiations with lenders and investors for funding, to help refine their innovation and IP monetisation strategies, or to negotiate the sale, purchase or licensing of IP.

IP-based finance – the use of IP value as collateral for finance – is now firmly on the agenda globally, and that means that cost-effective and reliable IP valuations have become crucially important.

Inngot is working closely with major international banks who are using Sollomon as an integral part of their funding decision making process. For example, in June 2022, HSBC UK announced a new Growth Lending initiative which requires IP-rich business loan applicants to use Sollomon to value the assets they want to borrow against.

Inngot’s online Sollomon IP valuation tool accurately identifies the value in a company’s IP. Using it, many clients have discovered valuable IP and intangibles they never knew they had.

Constantly refined to reflect the latest available data on IP licensing rates and other IP transactions, Sollomon uses two valuation methodologies: the ‘relief from royalty’ income-based model, and two cost-based approaches – reproduction cost and cost amortisation.

Sollomon valuations cost £495 + VAT. The first step is to use Inngot’s free Goldseam IP identification tool to create a full inventory of all a company’s IP. This can then be fed into Sollomon and combined with some basic financial and business data to produce an accurate IP valuation.

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