The emphasis of Finnish innovation policy has very much been on promoting actions that can be labelled as science--technology--innovation mode of innovation, which is based on the production and use of codified scientific and technical knowledge. However, recent research has emphasized also the...

In this paper our aim is to assess the potential of using patent statistics in predicting the future sales anticipations and present value of a company active in the science-based industry. Instead of using conventional patent and patent application counts as indicators, we constructed patent...