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Introduction
Published in Diego Galar, Uday Kumar, Dammika Seneviratne, Robots, Drones, UAVs and UGVs for Operation and Maintenance, 2020
Diego Galar, Uday Kumar, Dammika Seneviratne
Intangible assets are assets that do not have a physical existence. Examples of intangible assets include: GoodwillPatentsBrandCopyrightsTrademarksTrade secretsPermitsCorporate intellectual property.
Launching an IoT Startup
Published in Rebecca Lee Hammons, Ronald J. Kovac, Fundamentals of Internet of Things for Non-Engineers, 2019
Assets are company-owned resources which can be expressed as a cash value. Assets can be either tangible or intangible. Examples of tangible assets include cash, supplies, and property. Examples of intangible assets include patents, brand, and intellectual property. A liability is something that is owed by the company. As discussed earlier, this may be linked to an external finance source such as a bank loans, venture capitalists, and other types of investors. Shareholders’ equity is the amount of the company that is owned by the founder and other investors. This may be uniquely segmented depending on the types of funding acquisition that was utilized during the business’s startup period. An example of a balance sheet can be seen in Figure 11.6.
Assets and Liabilities
Published in A J Reynolds, The Finances of Engineering Companies, 2013
Intangible Assets. This heading does not appear in the accounts issued by most companies. Intangible assets are those without a physical identity, such as patents, copyrights, trade marks, brand names and licences. This list omits some important stores of value within a business: the knowledge and skills of its employees, its product designs and varied methodologies, and established relationships with other companies. Nor does the list mention the value that may be assigned to obtaining effective control over a business. Example 4.5 suggests some of the benefits, in particular, access to the whole of the profits and cash generated by a subsidiary company.
A 20-year patent review and innovation trends on hydrogel-based coatings used for medical device biofabrication
Published in Journal of Biomaterials Science, Polymer Edition, 2023
Chaymaa Hachimi Alaoui, Ahmed Fatimi
An organization’s IP policy addresses the principles of commercialization and explains how the revenues from the patent will be distributed. IP assets (e.g. patents and licenses) are considered intangible assets for a company. The inventory of these assets is very useful for the evaluation of the company’s assets that can be used as guarantees. Sometimes, if the patent owner does not intend to commercialize the invention in the form of a product, process, etc., there is the option of commercializing the IP through exploitation. This option is an important contribution to the knowledge economy and can take many forms (e.g. licensing agreements). A third-party organization, in the context of a partnership, can be granted effective short-term ownership for a defined period through a license. On the other hand, the IP policy objectives of a university as a public body differ slightly from those of a private company. This is the case with the academic applicants (the top ten), the University of California, the Massachusetts Institute of Technology, and the University of Texas. In the case of a university, the IP policy should include other points as well. Special rules apply when IP is the product of publicly funded research activities. If the research is privately funded, the IP rights will be shared. Commercialization of IP arising from publicly funded research is subject to government rights and requirements.
Design for invention: a framework for identifying emerging design–prior art conflict
Published in Journal of Engineering Design, 2018
Pingfei Jiang, Mark Atherton, Salvatore Sorce, David Harrison, Alessio Malizia
In order to survive in today’s competitive environment companies strive to develop novel and innovative products which bring better performance and user experience. These inventions need to be protected and filing patents also contribute to a company’s intangible assets. Furthermore, companies secure patents as a strategy to maintain their competiveness and future development (Soo et al. 2006). A granted patent prevents others from using the invention without the holder’s permission.Patent applications have increased by 9% worldwide year-on-year for the past two years – according to the UK Intellectual Property Office – therefore increasing the likelihood that designers will unwittingly infringe on existing patents, also known as patented prior art. (McLaughlin 2017)
Knowledge Sharing Analytics: The Case of IT Workers
Published in Journal of Computer Information Systems, 2019
The recent continuing technological development has made it increasingly clear that workers are important assets of an organization, and a significant factor in securing a competitive advantage.30,31 To ensure this competitive advantage, special attention must be given to practices that maximize and leverage the human capital asset.20 While tangible assets can be methodologically measured by accountants, this methodology is not relevant when it comes to intangible assets, such as human capital. Moreover, accounting measures are mostly ex post facto ones, while workforce analytics is mostly ex-ante. Consequently, managing and measuring workforce assets are unique challenges.30,31