Valuation of early-stage technology

The Valuation of Early Stage Technology (VEST) research project is an effort to develop a contemporary theory and an empirical and practically applicable model for appraising the value of early-stage technology in the information and communication industry based on large firm-level data.

The ability to commercialise technological innovations is a key driver of long term economic growth. Yet technology by nature is an intangible asset and we lack an accurate method to give innovations a sensible valuation. This is a major bottleneck that hinders investment into the development, transaction, transfer and commercialisation of technology, especially early-stage technologies. The current markets need a proper and consistent valuator to determine the worth of technology as a tradable product in its early stages.

We hope that the research findings will not only have high academic value but also significant policy implications and practical use for those in the ICT industry. Research by TMCD has found that reducing the bottlenecks for early-stage, small-scale and incremental innovations facilitates more investment, transfer and commercialisation of technologies and enables economic growth.

Researchers
In the media
Xiaolan Fu
Professor of Technology and International Development
17 Aug, 2017
'Chinese researchers put value on ideas'. China Daily highlights research by TMCD on valuing new technologies
Funder(s):
Huawei Technologies Ltd