Intellectual Capital

Refers broadly to the intellectual assets of an organization including Knowledge Capital and Know-How. Usage varies on whether other assets such as trade secrets, business secrets, and more recognized intellectual capital such as patents are included in intellectual capital. The term intellectual capital (or IC) was first popularized in Sweden and represented an effort to quantify the intellectual assets of a business in such a way as to include the knowledge capital and know-how not traditionally recognized under accounting rules.

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