A regional meeting on IP valuation was held in Bishkek as part of a pilot project implemented by the Eurasian Patent Organization (EAPO) and the World Intellectual Property Organization (WIPO). The seminar took place on August 29–30 in cooperation with the State Agency of Intellectual Property and Innovation under the Cabinet of Ministers of the Kyrgyz Republic (Kyrgyzpatent).

"I believe that a general understanding of patent valuation will be useful for any specialist engaged in innovation. It is especially important for technoparks to have this knowledge. As a rule, the residents are small and medium-sized enterprises and startups. These enterprises require IP valuation in order to attract financing and further justify the costs of their developments. The results of IP valuation help to demonstrate the prospects of any technology to investors and industrial partners," stated Grigory Ivliev, President of the Eurasian Patent Office.

Dr. Alex Riechel, Head of the TISC Development Section, Technology and Innovation Support Division, IP for Innovators Department (IPID) of WIPO, explained the role of IP valuation for academic institutions, the main methods and standards used for IP valuation, and analyzed their advantages and disadvantages as well as their differences from each other.

Dr. Daniel Sava and Dr. Brian More, representatives of the law firm Mathys & Squire LLP, outlined the main principles of IP and intangible asset valuation, described the key steps of the valuation process, and focused on methodologies and their limitations. The experts presented advanced IP valuation approaches used in foreign countries. They made recommendations on how to choose an approach to IP valuation, given its advantages and disadvantages, based on the valuation objectives and available data. For example, they considered the cost, market, and income approaches used by Western companies to value IP. They also focused on advanced valuation methods such as the Monte Carlo method and rNVP, which reflect the probability of risks.

The invited speakers also held a coaching session on IP valuation projects. The participants had an opportunity to learn about IP valuation from a practical perspective. During the meeting, the representatives of the technoparks in the EAPO region also shared their experience in the commercialization of rights and cases of assisting residents in ensuring legal protection and the valuation of IP.

Determination of the actual IP value within the framework of innovative projects of resident technopark companies will increase the competitiveness of companies and allow them to fully utilize the benefits of IP rights in their own businesses or to improve the efficiency of the commercialization of rights to the IP produced by universities.