More context is needed (see D-box), but below are a few examples of how the term is often used by Dutch academia.

Valorisation: a host of definitions, but fortunately there is a common denominator

Many different definitions of valorisation are in use. For example, the Dutch ministry of Education, Culture and Science (OCW) focuses on the valorisation process and on diversity in its definition, while the ministry of Economic Affairs (EZ) stresses the importance of this process for industry. The Association of Dutch Universities (VSNU) and the Association of Dutch Universities of Applied Science (Vereniging Hogescholen) are developing valorisation indicators. The Netherlands Organization for Scientific Research (NWO) includes in knowledge utilization (its term for valorisation) the exchange of knowledge, data and insights with researchers from other academic disciplines. The Standard Evaluation Protocol (SEP) concentrates on social relevance, and the KNAW is developing indicators in specific sectors.

Valorisation is the process of creating value from knowledge by making knowledge suitable and/or available for economic and/or societal use and translating that knowledge into competitive* products, services, processes and entrepreneurial activity.

*This definition encapsulates the meaning of valorisation concisely and effectively, and has been used by the Dutch government since 2009. The ministry of Education, Culture and Science deleted the word “competitive” in 2011.

The multiplicity of definitions would seem at first sight to make it impossible to discern any generally applicable meaning of the term “valorisation”. However, closer inspection shows that all these different definitions have a number of features in common.

Valorisation:

is a process
aims at enhancing societal impact in the widest sense of the term
is possible in all different disciplines
can occur in many different forms

In other words, valorisation is an interactive process and not a simple kind of linear leapfrog. It aims at both economic and societal impact, and can be tailored for each individual discipline. The oversimplified motto “Skills and know-how mean more cash in the till” (“Kennis, kunde, kassa”) only tells a small part of the story.
https://www.rathenau.nl/en/knowledge-policy/valorisation-res...

What is valorisation?

Definition: ‘Valorisation is the process of creating value from knowledge, by making knowledge suitable and available for societal and/or economic application and by transforming it into competitive products, services, processes and new business.’

Valorisation of knowledge can be done by patenting and licensing an invention to a company, cooperating with a company in a research program, forming a strategic cooperation with a multinational, or by setting up a spinoff company.

The role of the Innovation Exchange Amsterdam (IXA, former Technology Transfer Office VU & VUmc) is to facilitate and give guidance in all these means of valorisation:

Does your valorisation process start from an innovation such as an invention, new software or a smart questionnaire? IXA will help you find a suitable party who is interested in acquiring or licensing your idea in order to develop a new product or service.

If you are involved in negotiating with private parties or consortia, then we can help you with the process, in particular with commercial terms and conditions, intellectual property and legal aspects.

IXA has two sources of funding of its own. We can offer funding in the form of a proof-of-concept grant to cover the costs of technical feasibility studies. We also offer pre-seed loans, giving current and future entrepreneurs the opportunity to set up a business.

IXA can provide assistance in setting up a company.

Does your idea or invention require legal protection? IXA can help you by applying for a patent or by claiming copyrights on your behalf. It is essential to protect your idea in a timely fashion to ensure commercial success further down the road.

You can also approach us for legal assistance with research contracts, licensing agreements, confidentiality agreements, material transfer agreements, etc. In all these cases, please keep in mind: ‘the sooner the better’.
https://vu.nl/en/employee/research-support/valorisation

Many software projects in the life sciences are written as "open source". But do we actually know what that means? What is "open source"? Is it different from "Public Domain?" What is a License? And how and when do I choose one? Do I need to claim copyrights? Can open source software be monetized or otherwise valorized? Can open source and closed source software be working together?
https://www.nbic.nl/about-nbic/events/all-events/detail/arti...

Knowledge valorisation refers to the utilisation of scientific knowledge in practice. Examples include developing a product or a medicine, or applying scientific knowledge to a system or process.

The term 'knowledge valorisation' is akin to the term 'innovation'. Innovation means converting new combinations (inventions) to reality, ergo applying them to a product or process. An invention alone is not considered an innovation; innovation only applies if the invention is used in practice.
https://www.uva.nl/en/research/research-and-cooperation/know...