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Valuing Pre-Revenue & R&D-Stage IP

An independent valuation for IP and technology that has no revenue history yet.

  • ✓ AFSL Licence No. 563351 · AVI Certified Business Valuer (AVI 20281)
  • ✓ Built for assets with no trading record, documented to withstand review
  • ✓ Biotech, medtech, engineering and software

Valuation reports from $5,000 · typically within 10 business days

Get a confidential quote

Tell us what needs valuing. Anthony Vago will be in touch, no obligation.

Prefer to talk? Call Anthony · +61 492 280 220

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No revenue yet does not mean no value

Pre-revenue software, early-stage IP and R&D-stage technology have no trading record, so the usual shortcuts do not apply. Valuing them takes specialist judgement and evidence that will stand up when it is tested. Sherwood Australia prepares AFSL-licensed valuations of these assets with every input documented.

A number that rests on optimism is easy to challenge. A number that rests on evidence, with every assumption stated and explained, is not.

We select the valuation method case by case, based on the asset, its stage, the evidence available and the purpose of the valuation.

The result is a value that can be traced back to its evidence, which is what a board, a counterparty or a regulator will ask for.

Who this is for

Pre-revenue software

Platforms, applications and code bases that are built or part-built and not yet earning.

Biotech & medtech

R&D-stage and clinical-stage technology, where years of development sit ahead of the first sale.

Engineering & deep tech

Prototypes, designs, processes and technical know-how developed in-house.

Early-stage IP

Patents, trade marks and other rights held before the product reaches the market.

What's included in your valuation

Written valuation report

The market value of the asset at the valuation date, in a report prepared to APES 225 and International Valuation Standards.

Asset analysis

A clear review of the asset, its development history and its stage, drawn from your own records.

Documented assumptions

Every assumption and adjustment stated and explained, so the value can be defended.

Adviser-ready support

A report your accountant, lawyer or board can rely on, with a debrief on the findings.

How it works

Step 1 — Discovery call

We confirm the asset, the purpose of the valuation and the valuation date.

Step 2 — Information gathering

A structured request for the records relevant to the asset, shared securely at your own pace.

Step 3 — Analysis & report

We prepare the valuation and document every assumption.

Step 4 — Debrief & delivery

We walk you and your advisers through the findings and deliver the written report.

Why clients rely on our reports

250+
valuations delivered
AFSL
Licence No. 563351
APES 225
and International Valuation Standards
10 days
typical report turnaround

An independent valuation, nothing more

We provide the independent market value and the report that supports it. Sherwood Australia is not a tax adviser, and our valuation reports are not tax, legal or investment advice. See also IP valuation, software and IP transfers and AI and technology valuation.

What our clients say

“

"Sherwood's valuation work brought clarity and credibility at a critical moment. Their expert report helped resolve a long-standing shareholder dispute without the need for costly litigation. It was a game-changer."

— CEO  |  Clinical-Stage Biotech Company
Shareholder Dispute Resolution
“

"The valuation prepared by Anthony and the Sherwood team gave us real leverage in our Series A discussions. It was robust, defensible, and tailored to the reality of early-stage MedTech — exactly what we needed."

— CFO  |  Surgical Device Company
Series A Capital Raise
“

"We approached multiple firms, but most wouldn't touch our company due to its complexity. Sherwood not only took it on — they delivered a valuation that gave us a solid footing in debt negotiations."

— Founder  |  AI-Driven HealthTech Platform
Debt Negotiation & Investor Readiness

Need a value for IP with no revenue yet?

Confidential, no-obligation. Accountants and advisers welcome.

Get a confidential quote

Request your confidential quote

Tell us a little about your situation and Anthony Vago will be in touch — confidential, no obligation. Prefer to talk? Call +61 492 280 220 or email anthony@sherwoodaustralia.com.au.

By submitting this form you consent to Sherwood Australia collecting and handling your details in accordance with our Privacy Policy. We will only use them to respond to your enquiry.