23 Tex. Intell. Prop. L.J. 83 (2014-2015)
Coming to Grips with Patents in High Technology Investments: A Case Study Analysis Using the Example of Ambature

handle is hein.journals/tipj23 and id is 91 raw text is: 








Coming to Grips with Patents in High Technology

Investments: A Case Study Analysis Using the

Example of Ambature



Roya Ghafele* and Douglas Graham of Oxfirst, Ltd.

I. Scoping Investment Opportunities in Emerging Technologies    ...  .............84
II  The Need  for Patent Valuation     .........................    .........86
II.  Drivers of Patent Value            ......................................88
IV.  Patent Valuation Techniques............................89
V.  Case Study of Ambature                             ......................................92
       A. The Technology  Sector: High-Temperature Superconductivity...........92
       B. Superconductivity: Potentially a Game Changer...     ................93
 VI. Ambature's Patent Strategy            ................................... 94
       A. Bilateral Licensing Markets Limit Ambature ...................95
 VII. Ambature's Patent Portfolio............................          ......96
 VIII. Market Factors............................................96
       A. Ambature's  Share of the Market for Superconductivity.....................98
            1. Royalty Rates         ................................. .....99
            2. Patent Intensity      ..............................     ...... 101
            3. Patent Claims Analysis........... ........       ............103
       B. How  these Market Insights Inform the Income Method   .....   ......105
       C. Determining Value by Income  Method............... .....  ..........106
            1. Determining the Net Present Value...................... 106
            2. Patent Value Adjusted by Life Cycle .............      ........ 107
       D. Determining Value by the Cost Method        ......................1 07
 IX. Weighted Average of Patent Valuation Methods .................... 108
 X. Conclusions           ..............................................   109


 *  Roya Ghafele is the Director of Oxfirst Ltd., a consulting firm specializing in the economics of
    intellectual property. She was previously an Assistant Professor in International Political
    Economy with the University of Oxford and an Economist with the United Nations' specialized
    agency for intellectual property (WIPO). Author's email address roya.ghafele@oxfirst.com
**  Douglas Graham is a senior expert at Oxfirst Ltd, He spent most of his career as a Managing
    Director with KPMG. He also ran a bank with eight billion U.S. dollars under management and
    launched a startup seeking to bring innovators together.
*   Oxfirst: Oxford Science Park, John Eccles House, Robert Robinson Avenue, OX44GP Oxford, UK
    Funding for this research was provided by Ambature

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