ASSESSING THE COMMERCIAL POTENTIAL OF EARLY-STAGE SCIENTIFIC DEVELOPMENTS
Main Article Content
Abstract
This article investigates how scientific publications and patents contribute to the capitalisation of startups, focusing on their influence on valuation, investor confidence, and funding outcomes. Drawing on recent empirical studies and patent valuation frameworks, we analyse how these intellectual assets serve as signals of innovation quality and strategic tools for securing venture capital.
The relationship between IP and investor decision-making extends beyond mere signaling; it forms a critical component of due diligence. Investors leverage patent filings as indicators of market defensibility and competitive advantage, while publications provide insights into foundational research and potential for future innovation. Practical implications suggest that startups should strategically develop and manage their IP assets, not just for protection, but as integral components of their fundraising strategy. For investors, integrating sophisticated IP valuation metrics into their assessment models can lead to more informed and potentially higher-return investment decisions.
However, challenges persist in accurately quantifying the value of early-stage IP, especially in rapidly evolving technological landscapes where market adoption is uncertain. Limitations of this study include reliance on publicly available patent and publication data, which may not capture all proprietary knowledge, and the inherent difficulties in disentangling IP's impact from other confounding factors influencing startup success. Future research could explore qualitative aspects of IP strategy and longitudinal studies across a broader range of industries.
Downloads
Article Details
Section
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
How to Cite
References
1. Law of the Republic of Uzbekistan "On Construction Activities". // O‘RQ – No. 528, March 27, 2020.
2. Decree of the President of the Republic of Uzbekistan No. PF-60 “On the Development Strategy of New Uzbekistan for 2022–2026”, January 28, 2022.
3. “Concept of Digitalization of the Construction Sector” of the Ministry of Construction and Housing and Communal Services of the Republic of Uzbekistan, 2022.
4. Azimov A.K. “Construction Project Management and Budgeting System”. – Tashkent: TATU Publishing House, 2021. – 176 p.
5. Batirbekova A.M. “Modern Approaches to Project Management: Issues and Solutions”. // Journal of Finance and Accounting, No. 3, 2023. – P. 41–47.
6. Kerzner H. “Project Management: A Systems Approach to Planning, Scheduling, and Controlling”. – 13th Ed. – New York: Wiley, 2022. – 928 p.
7. Turner J.R. “Handbook of Project-Based Management”. – 4th Ed. – McGraw-Hill, 2019. – 750 p.
8. PMBOK® Guide – A Guide to the Project Management Body of Knowledge. – 7th Edition. – Project Management Institute, 2021.
9. Smith P. “Building Information Modeling (BIM) and Project Management: Benefits and Challenges”. // Procedia Engineering, Vol. 196, 2017. – P. 1025–1032.
10. Statistical Bulletin of the Ministry of Construction and Housing and Communal Services of the Republic of Uzbekistan. – Tashkent, 2023.
11. State Statistics Committee of the Republic of Uzbekistan. Official data in the construction sector // https://stat.uz, 2024.