Efficient investment requires a proper measurement of the potential added value. In the case of multi-stage decision-making process measurement is repeated in successive checkpoints controlling the investment process.

A major challenge to the valuation of technology is at an early stage of commercialization. Used for such purposes is the analysis of simulation and real option valuation method.

More information can be found at the Patent Office in the materials of the International Symposium, in which I did a paper on "Valuation of a patent in the early stages of commercialization"