Advertisement

Assessing innovations

  • Benoît Gailly

Abstract

Dr D. was delighted when he learned that his home university had accepted his proposal to transfer the intellectual property rights related to the new molecule he had discovered. Laboratory tests had shown that this molecule could cure a special kind of liver disease affecting millions of people across the world. With exclusive access to such a technology in hand, Dr D. was convinced that investors would queue to finance his new venture. A systematic assessment of his innovation, however, revealed several important issues, which are summarized here.

Keywords

Discount Rate Cash Flow Business Model Venture Capitalist Business Plan 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Further reading

  1. Blastland, M. and Dilnot, A. (2007), The Tiger That Isn’t: Seeing Through a World of Numbers, London, Profile Books.Google Scholar
  2. Christensen, C. M. and Raynor, M. E. (2003), The Innovator’s Solution, Boston, MA, Harvard Business School Press, Chap. 3.Google Scholar
  3. Copeland, T., Koller, T. and Murrin, J. (2000), Valuation: Measuring and Managing the Value of Companies, Hoboken, NJ, John Wiley.Google Scholar
  4. Dalkir, K. (2005), Knowledge Management in Theory and Practice, Oxford, Elsevier Butterworth Heinemann.Google Scholar
  5. Davila, T., Epstein, M. J. and Shelton, R. (2006), Making Innovation Work, Philadelphia, PA, Wharton School Publishing, pp. 75–79.Google Scholar
  6. Knight, F. (1971), Risk, Uncertainty and Profit, University of Chicago Press.Google Scholar
  7. Kotler, P. (2001), Marketing Management, Englewood Cliffs, NJ, Prentice-Hall.Google Scholar
  8. Muzyka, D., Birley, S. and Leleux, B. (1996), “Trade-offs in the Investment Decisions of European Venture Capitalists”, Journal of Business Venturing, Vol. 11, pp. 273–287.CrossRefGoogle Scholar
  9. Porter, M. (1996), “What Is Strategy?”, Harvard Business Review, November/ December, pp. 61–78.Google Scholar
  10. Razgaitis, R. (2003), Dealmaking: Using Real Options and Monte Carlo Analysis, Hoboken, NJ, John Wiley.Google Scholar
  11. Robock, S. H. and Simmonds, D. (1989), International Business and Multinational Enterprises, Homewood, Ill, Richard D. Irwin, Ch. 11.Google Scholar
  12. Wood, M. B. (2004), Marketing Planning, Principles into Practice, Englewood Cliffs, NJ, Prentice-Hall.Google Scholar

Copyright information

© Benoît Gailly 2011

Authors and Affiliations

  • Benoît Gailly
    • 1
  1. 1.Centre of Research in Entrepreneurial Change and Innovative Strategies (CRECIS) of the Louvain School of ManagementUniversité Catholique de Louvain (UCL)Belgium

Personalised recommendations