How does Intellectual Property (IP) planning apply to businesses?
Do you know what's in your IP estate, and how it compares to your competitors? Has it been developed strategically over time, with established systems and processes, or did it just… happen?
Was it based on pure protection, or was there a value component in the thinking, e.g. have you considered claiming Patent Box tax incentives now or in the future?
If you don't currently class your ideas and innovations as corporate assets, you should. Rights to your work aren't always granted automatically, and some only last for a certain amount of time.
Leaving IP planning and strategy out of your business model could mean you miss out on income and benefits, and leave the door wide open for others to profit from your hard work.
Our planning processes
We start by challenging the status quo - your current thinking around patents, and how innovation is managed in your company
We'll discuss and establish where your business currently stands, and where you want to be in the future.
From there, we can help to ensure you have the right systems and processes in place, to capture and maximise your company's innovation:
- How to develop and protect your IP
- Giving you the knowledge and confidence to claim tax incentives
- Safeguarding your innovations and handling infringements
- Measuring the industry landscape, and competitor analysis
- Encouraging and growing an innovation culture in your business
Our specialists have spent many years helping a wide variety of clients with their IP planning, from start-ups to FTSE100 companies. We've encountered numerous approaches and working styles, from the CTO who doesn't like patents to the overzealous attorney that patents everything and anything. As a result, we can easily adapt to both your external and internal challenges faced in handling Intellectual Property.
Three steps to a solid IP plan
Where you currently stand
Our real-world experience of manufacturing, operations, development and finance means we can quickly understand your situation. We'll start with where you are, what's been done so far, and - just as importantly - why those choices were made.
Where we go from here
We apply our deep knowledge of industry best practices and long-standing experience in this domain to your business case, outlining a list of potential routes and possible outcomes. This includes modelling tailored 'what if' scenarios, so you have a greater idea of what can be achieved. We'll show you where money can be saved, areas of innovation that should be considered for patent applications, which tax incentives you may be able to get further value from, and much more.
The best way to get there
Our specialists will present a plan of action for your consideration and agreement, one that covers everything from strategy to execution. You'll also receive a report explaining the methodology behind our planning and justifying all recommendations.
We'll be there along the way to help you with implementation and staying on track. By the end, you'll obtain real and lasting value from your existing assets.