IP Audits Archives

Audit for IP Systems to Derive Business Value

The post was first published on November 5th, 2011. The value of IP for businesses is today an accepted fact. As I had mentioned in my earlier posts, companies are today grappling with establishing systems and mechanisms to derive value from IP rather than questioning its value as earlier. One important step in the process is uncovering IP in the company and categorizing its value for the business. I have elaborated on the role of IP Audit for identifying IP…

February 16, 2019 BananaIP Reporter Intellectual Property, IP Audits 0Comment 828Views 0Like

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What is your IP worth? Improving Revenues and Financial Value of a Company

This post was first published on October 21st, 2011. A company's Intellectual Property (IP) is one of its most valuable assets. The value of a company's IP is directly proportional to its R&D and innovative activities. The IP Value of most companies that are research-based is generally much higher than their tangible assets. Most companies in India have today realized the value of IP but fall short with respect to its planning, optimization, and utilization for gaining business benefits.…

February 16, 2019 BananaIP Reporter Intellectual Property, IP Audits 0Comment 760Views 0Like

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Finding Ideas, Inventions and Creations in Companies – IP Audits XII

Intellectual Property (IP) is like any other business tool, and a company must know how to use it to gain business and financial value. Simply put, Intellectual Property can add value to a company, provided the company wants it to add value, invests in IP appropriately, and knows how to derive value from IP. Many companies lose out on value from intellectual property because of lack of commitment, investment or knowledge. Value of IP Audits As outlined earlier, an IP…

January 23, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 967Views 0Like

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IP Audits/Mining and Business Value- A Presentation by Dr. Kalyan C. Kankanala at CII

The following presentation titled “IP Audits/Mining and Business Value”, was delivered Dr. Kalyan C. Kankanala (Managing Partner, BananaIP Counsels) at a conference on intellectual property management organised by Confederation of Indian Industry (CII). The presentation was given to an audience consisting of participants from MNCs, corporates, MSMEs, innovation, IPR research and consulting firms / institutes, R&D companies, IP consultants, academic institutions, scientists etc. The presentation covered the following topics. Just One Layer Experience of IP Audits Purpose…

January 19, 2016 BananaIP Reporter Intellectual Property, IP Audits, IP Valuation 0Comment 873Views 0Like

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Finding Ideas, Inventions and Creations in Companies – IP Audits VII

Case Experience 4 - IP Audits for SMEs (Project for UNIDO (United Nations Industrial Development Organization)) The case experiences are based on the 120 audits we had performed in India over the last ten years. The audits gave us invaluable insights into the role of IP in business in the Indian context, and we have tried to encapsulate some basic results/learnings at a macro level through these experiences. The names of companies and business details have been consciously avoided to…

January 16, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 825Views 0Like

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Finding Ideas, Inventions and Creations in Companies: IP Audits VI

Case Experience 3 - IP Audit for a Start Up The case experiences are based on the 120 audits we had performed in India over the last ten years. The audits gave us invaluable insights into the role of IP in business in the Indian context, and we have tried to encapsulate some basic results/learnings at a macro level through these experiences. The names of companies and business details have been consciously avoided to comply with confidentiality covenants and professional…

January 15, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 874Views 0Like

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Finding Ideas, Inventions and Creations in Companies: IP Audits IV

Case Experience 1 - IP Audit at a Large Multi-National Company The case experiences are based on the 120 audits we had performed in India over the last ten years. The audits gave us invaluable insights into the role of IP in business in the Indian context, and we have tried to encapsulate some basic results/learnings at a macro level through these experiences. The names of companies and business details have been consciously avoided to comply with confidentiality covenants and…

January 13, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 770Views 0Like

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Finding Ideas, Inventions and Creations in Companies – IP Audits III

Every company has a ton of ideas, potential intellectual assets, waiting to be found. Excavating/Mining all of them is not very easy because they are often lurking in the haystack of information, materials and minds. The task requires special research skills, knowledge of business processes, unique people skills, extensive document review, and keen/informed minds. The quantity and quality of ideas that can be mined always depends on the skills and abilities of the miner/auditor. The Process The process of finding…

January 12, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 743Views 0Like

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Finding Ideas, Inventions and Creations – IP Audits II

Discovering ideas in a company is an important, but a very difficult task to accomplish. Three basic factors, among others, make the process of discovery very complex and arduous. They are: Internal biases; External environment; and knowledge and process issues. R & D and engineering divisions of many companies in India have an inherent bias against IP protection, and often take up IP activities only due to pressure from the senior management, and not because they believe…