Rosana Zau Mafra
Amazonas Federal University, Brazil
Rosana Zau Mafra has completed her Masters in Natural Resources Economics. She is a Professor at Department of Economics and Analysis, Social Studies Faculty of Amazonas Federal University (UFAM), Brazil.
This research aimed to evaluate the alternative extraction process of bergenin from Endopleura uchi. Valuing a technology means to quantify its monetary value and can be used to sell and/or license technologies, analyze risks of investing in R&D and prioritize R&D projects. There are several methods to Valuate and they vary according to the company, the technology, the strategies adopted, etc. and can be analyzed from the perspective of the buyer or seller. To achieve the goal stated for this research, it was necessary to discuss the technology transfer process, identify the methods of valuation existing, characterize the object of study technology and apply the quantitative data related to the technology (extraction process) to the valuation method chosen. The valuation method used was the Discounted Cash Flow as it is a widely discussed approach and taught at universities, along with the cost approach, among different methods of valuation. It was collected data related to revenues, costs and expenses, taxes, etc., in order to get the required cash flow and their respective discount rates and therefore valuate the technology. Given the uncertainties and risks from the innovative process, it was possible to calculate the terminal value (TV) of technology, which is highly scalable when succeed. Based on its terminal value (TV) (near to U$ 6,000.000) and estimates of revenue (more than U$ 400,000), this technology is highly profitable both for transfer and/or for production.