The Philippine attendees practiced on multiple spreadsheets with Dr. Gorius, working to derive the net present value from the free cash flow of hypothetical intangible assets. Dr. Gorius also presented the mathematical principles for obtaining credible royalty and discount rates during the 3-day in-person seminar.

The Licensing Executives Society Philippines (LES Philippines), together with the Department of Science and Technology – Philippine Council for Agriculture, Aquatic, and Natural Resources Research and Development (DOST-PCAARRD) and the Association of PAQE Professionals, Inc. (APP), organized the training to enhance further the IP valuation skills of technology business incubators established by DOST-PCAARRD for the country’s agri-aqua network. This initiative by LES Philippines aligns with its advocacy to expand the market reach of technologies and startups of local TBIs to other jurisdictions.