Leading business experts from the LSE, Fraunhofer and UPC develop the first European approach for the valuation and development of SME's intellectual capital.Europe has a long history of science and innovation. Small and Medium-sized Enterprises (SMEs) play a vital role in European economic competitiveness and regional economic growth.
In turbulent times, however, they increasingly rely on their hidden innovation capacities and new, more flexible business models to adapt and survive. In a complex and dynamic market environment "many SMEs need to better understand the value of intangibles yet have no practical tools to assess and develop their know–how," says Thorsten Roser, LRCG director and coordinator of the InCaS financial markets community. "SMEs need to systematically communicate how they leverage and re-create Intellectual Capital if they want to grow and be attractive to investors."
In the EU funded project ‘Intellectual Capital Statement Made in Europe (InCaS)’ a group of leading business development experts from the LSE, Fraunhofer and UPC have developed the first European approach for the valuation of Intellectual Capital (IC) of SMEs:Leveraging Innovation with the Intellectual Capital Statement (ICS). The ICS methodology is an approach to assess and re-create know-how by describing and evaluating the intangible assets of the firm.
As the efficient and successful implementation of an IC report is not an easy task, organisations should be able to rely on professional support. In collaboration with the Confédération Européenne des Associations de Petites et Moyennes Entreprises (CEA-PME), the InCaS Consortium provides support through a network of moderators and experts.
The implementation process is further facilitated by specialised and interactive IT tools in the ICS toolbox. The first ICS guideline for SMEs provides managers and CEOs with a detailed specification of the steps for implementing the ICS, including a description of the tools available in the ICS Toolbox.To download the ICS guideline click here. If you would like to work with one of our international IC experts, please contact us.
Leading business experts from the LSE, Fraunhofer and UPC develop the first European approach for the valuation and development of SME's intellectual capital.
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