1. 1
InTraCoM GmbH | Sigmaringerstr. 35 | 70567 Stuttgart (Möhringen) | Tel.: +49 (0) 711/ 797 328-0 | Fax: +49 (0) 711/ 797 328-29 | Internet: www.intracomgroup.de
Stuttgart, 9. Nov. 2016, Prof. Dipl.-Ing. Andreas Zagos (Management Partner InTraCoM GmbH)
Comparison of IP value for companies in the
countries Greece, Cyprus and Turkey
Scope of the analysis
Greece and Cyprus suffer since 2008 under the
financial crisis. Many domestic companies went
into bankruptcy and foreign Holdings closed their
branch offices in that region. On the other side
Turkey had a strong economic increase the past
decade, due to the establishment of multinational
companies in their country.
The basic scope of this analysis is to measure the
patent activity in each country and the results
from patenting expressed by IP Value [monetary
value of the alive patents of a company].
Database
The analysis was performed in Bureau van Dijk’s
Orbis Database1
with the module “innovation
strength” of IP Business Information.
The database contains over 170 Mio. of company
data and all valued patents related to company or
Holding-level. In the analysis only companies
were selected which have higher IP values than
100,000€.
1
http://www.bvdinfo.com/
Methodology for IP Values
The IP value is determined by an innovative
approach of InTraCoM which is based on a
pattern recognition algorithm on bibliometric
data from patents. The methodology is temper
proof in over 100 patent valuation projects with
commercial clients as well as legal authorities and
has a pending patent2
in Europe and USA.
Results
The following basic data for Dec. 2015 was
exported:
Following graphs were built out of the data:
The IP Value for Greece is constantly and for
Cyprus disproportional rising. For Turkey there is
a big variation for the year 2014, but as well
disproportional rising.
2
EP2923296A1, US20160004998A1
Greece Cyprus Turkey Europe 28
No. Companies active 144.407 268.100 1.124.636 50.596.140
No. Companies with
patent value > 100T€ 54 186 228 52.942
Revenues of companies
with IP Value [th€] 11.103.992 € n/a 73.942.122 € n/a
No. Employees 43.809 n/a 275.985 n/a
No. Patent Families 401 1.868 6.646 n/a
No. Patents 815 3.165 8.628 n/a
Total IP value [T€] 95.981 € 302.699 € 293.076 € 460.808.000 €

2. P. 2
Compared to the total amount on companies for
each country, the share of patent active
companies is in Greece or Cyprus higher than in
Turkey.
The average IP value of a company is in Greece
and Cyprus as well higher, but related to the
average of Europe 28 countries much lower.
Companies in Greece generate per employee over
two times higher IP value than companies in
Turkey.
The average IP value divided thru the generated
revenues of those companies are expressing as
well a higher efficiency for companies in Greece
than in Turkey.
The average IP value for a patent family or a
patent is in Greece or Cyprus significant higher
(300-600%) than in Turkey, due to much higher
quality and higher market coverage (bigger
patent families) of the patents in Greece or
Cyprus.
Conclusion
Based on the above analysis we can persist, that
there is still some reasonable positive activity in
Greece and Cyprus although the negative impact
of the financial crisis. But compared to the
threshold of European 28 countries there is still a
long way to go.

3. P. 3
About the Author
Prof. Dipl.-Ing. Andreas Zagos is founder
and management Partner of the
Stuttgart based InTraCoM GmbH
(Germany) and internationally recognized
patent valuation expert. He was
participating in the first standard for
patent valuation and is doing research in
patent valuation for more than 16 years.
He is guest professor at the Technical
University of Cluj-Napoca in the field of
innovation management.
InTraCoM GmbH is a patent valuation
boutique with a long list of patent
valuation customers. InTraCoM GmbH is
performing patent valuations for M&A,
patent transactions, licensing value
determination, internal balancing
purposes, sale and lease back, transfer
pricing and many more valuation scopes.
Their customers are
international big blue chip companies,
governmentals, banks, official authorities,
SMEs, Universities as well as big research
organisations.
InTraCoM Group is supported by different
international partners offering patent
Valuation -specific data and business
information. Within these partnerships
also software and patent valuation-specific
data can be offered based the InTraCoM-
patent valuation methodology. With all
these approaches, patent values can be
determined within unbeatable precision,
time and cost.
http://www.intracomgroup.de