Intangible property may be considered where its value can reasonably be determined and the actual contribution supports the qualifying investment. Ownership, commitment and business use need evidence; a claimed idea value is not enough.
Distinguish assets from estimates
Identify the rights the investor controls and the basis for the amount claimed. A fundraising valuation can reflect many expectations beyond the value of a contributed asset, while founder effort is not automatically a documented capital contribution. Review the arrangement alongside the business’s other investment, operations and control evidence rather than assuming intellectual property alone establishes eligibility.
Name the parties before pricing anything. Who created the work, under what agreement, and who therefore owns it; who is transferring it to the enterprise, and in what capacity; who is asserting the amount, and on what independent basis. Hypothetical example: a compounding-pharmacy software founder relies on a contractor’s work under an agreement granting a licence rather than ownership, so the enterprise receives a right to use and not the asset the plan says it received.
The investor’s own funds must be irrevocably committed and at risk, which is a question about whose money and whose asset, not only about how much. A reviewer who cannot identify each of those people from the documents will treat the claim as an assertion.