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What is the Business Potential Score (BPS) and how is it calculated?

What is the Business Potential Score (BPS) and how is it calculated?

A: BPS, or Business Potential Score, is ScoutinScience's proprietary metric designed to assess the commercial potential of scientific research. It's a reflection of our commitment to bridging the gap between academic discovery and market innovation.

BPS 1.png Q: How is BPS calculated?

A: Calculating the BPS is a complex process that involves analyzing various dimensions of scientific research. Here's a breakdown of the core components:

Sentiment Analysis: By examining the sentiment of the research, we discern the general tone and implication of the findings. Positive sentiment in research can often correlate with market optimism, while a critical or cautionary tone might signal barriers to commercialization. • Authorship and Citations: The influence of a paper is partially determined by its authors and the number of citations it receives. A higher number of citations can indicate a well-established research foundation, which may translate to higher reliability and business applicability. • Publication Domain: With the help of the expansive Microsoft Academic Graph dataset, we classify the research into specific domains. Papers in domains that are currently trending or have a direct impact on emerging market needs tend to score higher, as they're more likely to be at the forefront of innovation. • Ratio of sentences: Not all academically sound research has business potential. We evaluate the content for its business applicability, analyzing how often and how significantly it aligns with business interests, challenges, and opportunities.?? • Patent Potential: Research that bears resemblance to patent language or concepts holds a promise of applicability. By comparing research content to a vast database of patents, we can estimate its potential for leading to new patents or improving existing ones. • Historical Data: Past success can be a predictor of future outcomes. We look into the track record of researchers or groups to understand their impact on the industry and their consistency in producing relevant, high-quality work. • Reverse Engineering: By tracing successful business ventures and innovations back to their academic roots, we can identify the key research elements that are likely to result in profitable commercial ventures. • Client Feedback: Our model is dynamic and continually refined with feedback from our clients. Their insights help us to calibrate the BPS to be as responsive and accurate as possible in predicting business success.

Each element of the BPS is carefully measured and weighted according to our validated models. The composite score that emerges from this process is a robust indicator of the business potential inherent in scientific research, offering our clients a strategic edge in identifying the most promising avenues for investment and development.

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