“…Thus, the first dimension finds the level of scientific publication related to the technologies evaluated, considering this as evidence of a scientific basis that allows for technological development (Guimarães & Humman, ; Leite, Mugnaini & Leta, ). The second dimension searches for evidence of the use of the knowledge produced by looking for its transformation into technology, more specifically, through the process of patenting (Albuquerque, , ; Albuquerque & Sicsú, ; Leydesdorff, ).…”
Section: Methodsmentioning
confidence: 99%
“…As for the utilization of opportunities dimension, which measures the level of transformation of the production of knowledge into technology, the indicators were defined as:Number of patents, which measures the total number of patents in a given area (Guzmán Sánchez, ; Macias‐Chapula, );Utilization of Opportunities Indicator (UOI), which gives indications about the quality of the interactions between science and technology through the ratio of the number of patents to the number of articles in a given area (Albuquerque, , ; Albuquerque & Sicsú, ); andTechnological growth, which helps identify whether the area is in a phase of technological growth, maturity, or decline (Guzmán Sánchez, ; Leydesdorff, ; Macias‐Chapula, ).…”
This paper proposes an approach to analyzing and prioritizing venture capital investments with the use of scientometric and patentometric indicators. The article highlights the importance of such investments in the development of technology-based companies and their positive impacts on the economic development of regions and countries. It also notes that the managers of venture capital funds struggle to objectify the evaluation of investment proposals. This paper analyzes the selection process of 10 companies, five of which received investments by the largest venture capital fund in Brazil and the other five of which were rejected by this same fund. We formulated scientometric and patentometric indicators related to each company and conducted a comparative analysis of each by considering the indicators grouped by the nonfinancial criteria (technology, market, and divestiture team) from analysis of the investment proposals. The proposed approach clarifies aspects of the criteria evaluated and contributes to the construction of a method for prioritizing venture capital investments.
“…Thus, the first dimension finds the level of scientific publication related to the technologies evaluated, considering this as evidence of a scientific basis that allows for technological development (Guimarães & Humman, ; Leite, Mugnaini & Leta, ). The second dimension searches for evidence of the use of the knowledge produced by looking for its transformation into technology, more specifically, through the process of patenting (Albuquerque, , ; Albuquerque & Sicsú, ; Leydesdorff, ).…”
Section: Methodsmentioning
confidence: 99%
“…As for the utilization of opportunities dimension, which measures the level of transformation of the production of knowledge into technology, the indicators were defined as:Number of patents, which measures the total number of patents in a given area (Guzmán Sánchez, ; Macias‐Chapula, );Utilization of Opportunities Indicator (UOI), which gives indications about the quality of the interactions between science and technology through the ratio of the number of patents to the number of articles in a given area (Albuquerque, , ; Albuquerque & Sicsú, ); andTechnological growth, which helps identify whether the area is in a phase of technological growth, maturity, or decline (Guzmán Sánchez, ; Leydesdorff, ; Macias‐Chapula, ).…”
This paper proposes an approach to analyzing and prioritizing venture capital investments with the use of scientometric and patentometric indicators. The article highlights the importance of such investments in the development of technology-based companies and their positive impacts on the economic development of regions and countries. It also notes that the managers of venture capital funds struggle to objectify the evaluation of investment proposals. This paper analyzes the selection process of 10 companies, five of which received investments by the largest venture capital fund in Brazil and the other five of which were rejected by this same fund. We formulated scientometric and patentometric indicators related to each company and conducted a comparative analysis of each by considering the indicators grouped by the nonfinancial criteria (technology, market, and divestiture team) from analysis of the investment proposals. The proposed approach clarifies aspects of the criteria evaluated and contributes to the construction of a method for prioritizing venture capital investments.
“…At this stage, Motta and Quintella (2012) suggest the construction of an indicator equivalent to the UOI -Utilization of Opportunities Indicator (Albuquerque, 1997(Albuquerque, , 1998Albuquerque and Sicsú, 2000) for the area. The UOI indicator was originally constructed to assess national innovation systems (NIS).…”
Section: Technology Criterionmentioning
confidence: 99%
“…The UOI indicator was originally constructed to assess national innovation systems (NIS). According to Albuquerque and Sicsú (2000), given the complexity of the relationship between science and technology, the comparison between the two relative participations provides indicators of the quality of the interactions between them. The better this indicator is, the more mature the NIS will be, i.e.…”
Section: Technology Criterionmentioning
confidence: 99%
“…In the case studied here, between 1991 and 2010, there were approximately 1.222 patents per article. According to Albuquerque (1998), this classifies the area as technologically developed, as this figure is well above the mean of countries with mature SNIs (0.418) and is similar to that of the USA, which has the highest utilization of opportunities (UOI ϭ 1.5) (Albuquerque and Sicsú, 2000). Additionally, analysis of the annual growth rates (between 1991 and 2010), which is 22 per cent for patents and 15 per cent for articles, shows a tendency for greater utilization of opportunities in the area.…”
2015),"Patento-scientometric indicators for the selection of projects by investment funds", VINE, Vol. 45 Iss 3 pp. 446 -467 Permanent link to this document: http://dx.If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information.
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AbstractPurpose -This paper aims to assess a method that applies scientometric and patentometric indicators in the selection process of projects by seed capital funds. There is increasing interest in technology-based enterprises, for their capacity to contribute to economic and social development. Nevertheless, in practice, there is some difficulty in assessing non-financial criteria associated with technology for the purposes of choosing investment opportunities. Design/methodology/approach -The literature has presented various methods to instrumentalize the process of evaluation and selection of investment projects. This study focuses on an enterprise that received an investment by the largest seed capital fund in Brazil, to assess to what extent scientific and technological indicators can contribute to understanding the market potential of the firm's technology. Findings -The results show that the use of scientometric and patentometric indicators favors the process of judging non-financial criteria, in particular those related to technology, market, divestment and team. Originality/value -The originality of this paper is in the evaluation of a patento-scientometric approach for the selection process of projects by seed capital funds.
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