(Nowy Sacz School of Business – National-Louis University, 2012) Kijek, Tomasz
Innovation capital regarded as an element of intellectual capital reflects the ability of an
organization to create and commercialize the new knowledge (innovations). The aim of this study
is twofold. Firstly, an attempt is made to give a concise review of innovation capital concept and
its measures in selected intellectual capital – IC –models. Secondly, this paper sets out to extend
the current models and introduce a new valuation method of innovation capital. Moreover, the
paper provides empirical evidence about the use of the proposed method.