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Hidden IP value worth £300m has now been uncovered by companies using intellectual property and intangible asset valuation expert Inngot’s online tool, Sollomon®. Users have come from a wide range of industry sectors, ranging from entrepreneurs and early-stage start-ups through SMEs to international groups.
IP and intangibles are now the most valuable assets owned by the majority of businesses, Martin Brassell, Inngot’s CEO, explains: “Thirty or forty years ago, most businesses had lots of tangible assets – buildings, machinery, stock and so on – but with the rise of the digital era, increasing numbers of organisations own very few tangibles.
“To give an example, a small, successful software company, may only have a few thousands of pounds-worth of physical assets, such as computers, but the value of the software they produce, may run into tens-of-millions.”
It is against this background that Inngot’s online IP identification, valuation and management tools, were developed. Since the launch, hidden IP value worth £300m has been found, Inngot recently announced.
In the old days, placing a value on a business was a relatively straightforward task: premises, equipment, vehicles and goods – whether new or second-hand – all have an established market value. If you wanted to raise funding for expansion, or sell your business and retire to the Costa del Sol, all you had to do was work out the value of all this ’stuff’, throw in a bit of goodwill and, hey-presto, you had a value for your business! It’s often not so easy, with modern, low-tangible-asset businesses, if you want to raise funding or sell your business – so how can you work out its value?
The first step in the process, is to identify everything the business owns and Inngot’s Goldseam® profiling process is a good starting point. This free profiling process, can be completed online, in less than half-an-hour and enables you to produce a PDF Inventory of the organisation’s IP and intangibles.
The next step is to use the Sollomon® valuation tool, to start the valuation process. For a modest fee, the online tool will walk you through the process, which combines the results of the profile, with other information you provide, to create an indicative valuation of your IP and intangibles. Upon completion of the process, an Inngot Analyst provides you with feedback, which enables further ’fine tuning’ prior to completion and production of your PDF Valuation Report.
From Aquaculture to Zinc Die Casting, companies from all over the world have found that the Sollomon® Valuation Report is a great way to help them realise the true value of their business – over £300m to date!
Inngot offers a suite of online tools to help innovative businesses identify, manage and value intellectual property and intangible assets. In addition to its IP valuation tools, Inngot contributes to the international debate on how best to help SMEs in particular uncover and leverage the value locked up in their IP and intangible assets and offers bespoke IP valuation and technology valuation services.
Martin Brassell has co-authored Economic Approaches to Intellectual Property, with Dr Nicola Searle (OUP, 2016), and reports and publications for the UK’s Intellectual Property Office (IPO) and the Association of Chartered Certified Accountants (ACCA), amongst others.
