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A Journal of University-Industry-Government Innovation and Entrepreneurship

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Table 8 An illustration of RICV imputed

From: Assessing economic impact of research and innovation originating from public research institutions and universities—case of Singapore PRIs

Components of RICV RICV
(a) Actual recurrent commercial value from royalty-bearing IP licenses $1.0 mil
(b) Actual licensing revenue from end-user licensing agreements (EULAs) $0.5 mil
(c) Actual licensing revenue from sale of equity in lieu of upfront payment in spin-offs $5.0 mil
(Assume TTO/PRI holds 10 % equity stake of the spin-off, which has $50 mil valuation at the point of exit)
(d) Estimated commercial revenue from upfront and one-off licensing deals by licensee from product/services incorporating licensed IP $10.0 mil
(Assume upfront and one-off receipt of $1 mil at expected royalty rate of 10 %)
Total RICV imputed $16.5 mil