How valuable a technology is in the marketplace is a complex question. The evaluation process includes a commercial analysis, the inventor's profile, the propriety position, what stage of development the technology is in and a financial analysis.

Specific areas of analysis that must be covered before a technology can be given a value in the market place are:

• Defining the product
• Assessing its perceived industrial value
• Identifying the end user
• Determining the size of the market
• Identifying the competitive edge or uniqueness the technology or invention will have in the market place
• Evaluating how mature the market is
• Knowing what regulatory or liability considerations exist
• Assessing prospective licensees
• Determining the length of the product cycle