As academic entrepreneurship develops, questions of business valuation of research become more important. Therefore, there is a need to develop methods for value assessment of academic research. Conventional business valuation models for technology are usually financially oriented and will only disclose its economic value. However, this under specifies the value of university-industry
... [Show full abstract] transactions. The value of an invention not only depends on economic value but also on strategic, cultural or social value added to the applicant of the invention: usually a company. We introduce gross business value, being a function over time of these four dimensions of value and propose to position this gross business value of an academic technological invention within a three-dimensional model, with the research value creation process on the X-axis, the type of research on the Y-axis and its contribution to the applicant's four types of capitals at the Z-axis. Technology Transfer Manager for about 15 years and she worked in both university and industry in Switzerland, France and the Netherlands. She obtained a PhD in Pharmacy from the State University of Utrecht, The Netherlands. Since a few years she is an Independent Technology Transfer Consultant (www.scienceandbusiness.nl) and researcher within the Netherlands Institute for Knowledge Intensive Entrepreneurship. Her areas of research are technology transfer and commercialisation of academic research.