智慧財產作價投資與新創事業

Contribution of Intellectual Property as Equity and New Venture

周延鵬(Y. P. Jou)

《政大智慧財產評論》 4卷2期 (2006/10) Pp. 1-20

https://doi.org/10.30387/NCCUIPR.200610_4(2).0001

摘要

智慧財產的價值實現機制，主要是經由作價投資、標準聯盟、授權技轉、買賣讓與、侵權訴訟等方式，其中又以智慧財產作價投資於新創事業、合資事業及公司併購的收益最佳，而且風險也最高。然而，無論在學理上抑或實務上，也無論是企業、非營利組織(non-profit organization, NPO)抑或自然人，相當熟悉並能操作智慧財產作價投資者，似寥寥無幾矣。因此，本文嘗試探討與智慧財產作價投資有關的幾項重要議題，例如智慧財產作價投資的意義及環境、慧財產作價投資與新事業的控制權、創投業者對新創事業智慧財產的評估、銀行辦理智慧財產融資暨擔保的關鍵、新創事業以被併購作為投資退出機制、事業營運終止結束時智慧財產的處理、及智慧財產在國際投資的意義及其運用。這些項目的探討，或將有助於智慧財產作價投資機制有關的法律、財務、會計、租稅、評價、金融、投資等制度、機制及專業服務等配套得以相應正常發展，同時更有助於以智力為主的各類創新活動及創業精神獲取價值實現的媒介以及較佳的收益模式。

關鍵字

智慧財產 ； 作價投資 ； 新創事業 ； 合資事業 ； 融資擔保 ； 商業模式 ； 創投業 ； 創業者 ； 評價 ； 併購

並列摘要

The mechanism to realize the value of intellectual property mainly vests in contribution of intellectual property as equity, standardization alliances, technology license and transfer, sales and assignment, and infringement lawsuits. Among all, contribution of intellectual property as equity in new venture, joint venture and merger & acquisition can give rise to the best performance, while at the same time, can be risky. Despite the significant consequence, few seem to be familiarized with and take good charge of contribution of intellectual property as equity; be it an enterprise, non-profitable organization or an individual, or be it in theory or practice. This article will depict on major objects related to contribution of intellectual property as equity; such as, the effects of and environment for contribution of intellectual property as equity, the control in contribution of intellectual property as equity and new venture, the key for banks in intellectual property collateral-based financing, the assessment by venture capitalist in new venture, the exit of a new venture through merger and acquisition, the disposal of intellectual property upon winding and liquidation, and the meaning and operation of intellectual property in international investment. It is hoped that the foregoing discussion will help lead to the corresponding development in system, mechanism and professional service to law, finance, accounting, taxation, valuation, banking and investment for contribution of intellectual property as equity, and help create the mechanism and better profitable models for intellectual innovation and entrepreneurship.

並列關鍵字

Intellectual Property ； Contribution of Intellectual Property as Equity ； Entrepreneur ； New Venture ； Joint Venture ； Collateral-based Financing ； Business Model ； Venture Capital ； Venture Capitalist ； Valuation ； Merg