Template-Type: ReDIF-Article 1.0 Author-Name: Roman S. Gubanov Author-Email: gubanof@mail.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia Author-Name: Larisa V. Zhuravleva Author-Email: Zhuravleva@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia Author-Name: Olga V. Korableva Author-Email: Korableva@nifi.ru Author-Workplace-Name: Financial Research Institute, Moscow, Russia Title: Patent as a Form of Intangible Assets and its Use in the Implementation of the Program of Innovative Development Abstract: The problem of an assessment of the inventions importance is an economic problem as only the small share of the patented inventions is realized in the market. At the same time the considerable share of programs of innovative development is based on use of patent rights. The article gives an example of determination of the patent use efficiency in case of introduction of a know-how. Authors present also a method of calculation of the integrated (discounted) income, which is taken out when using of the patent as the criterion of comparison of the results and innovative expenses at the innovative development programs implementation. Classification-JEL: H25, G11, O34 Keywords: innovative development, program of innovative development, intellectual activity, innovative production, research and development, patent Journal: Finansovyj žhurnal — Financial Journal Pages: 88-99 Issue: 2 Year: 2016 Month: April File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2016/2/statyi_2/08.pdf File-Format: Application/pdf Handle: RePEc:fru:finjrn:160208:p:88-99