On June 14, the Russian Academy of Science’s Central Mathematics and Economics Institute hosted a roundtable discussion, Intellectual Property Valuation: A Functional Approach and Advanced Methods, sponsored by the Academic Council for the Economic Issues of Intellectual Property under the RAS Social Sciences Department.
The discussion was attended by Grigory Ivliev, the head of the Federal Service for Intellectual Property (Rospatent); Oleg Rukin, Deputy Head of Rospatent’s Directorate for Management, Oversight and Legal Protection of State Interests; Andrey Vorobyev, the director of the Coordination Center for TLD RU; and by other experts and specialists.
The participants agreed on the need to put to practical use over 20 years of experience in intellectual property and intangible asset valuation that has been recorded in books and publications on the subject. “The heightened interest in this field by authorities and related state agencies presents a good opportunity for the community of intellectual property assessors, authors and developers of related textbooks and standards to reassess their work,” says Anatoly Kozyrev, Deputy Head of the Mathematics and Economy Center, who moderated the discussion. “It is equally important for forecasting and making plans for the future,” he added.
Participants also endorsed the development of clearer and simpler rules that could serve both evaluators and regulators. Another issue is to ensure that valuation is both scientifically valid and clear using modern methods based on the income, market and cost approaches.
Director of the Coordination Center Andrey Vorobyev expressed his opinion that the Russian secondary domain market needs a method to appraise domain names, or ideally, a national standard. A similar method should be established for sites, he said.
“Foreign registrars enjoy advanced methods of domain appraisal, and have a lot of experience in the field. The lack of a generally accepted approach to valuation and a legally established method of domain name appraisal holds Russian registrars back,” Andrey Vorobyev said. He added that the Coordination Center had included the goal to resolve this issue in its plan of activities for 2016−2018.
