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…
Intellectual Property (IP) plays a very important role in providing competitive and business advantage to a company. In order to maximize competitive advantage, a company must make the best and most of its intellectual assets. The owner of any Intellectual Property can procure financial rewards for its use. This is because like tangible property, if ownership of an IP can be clearly established, the IP could be sold, leased, licensed, assigned or mortgaged.
IP and Money have always been related…
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…
Starting up can be exhilarating, rewarding, and exhausting. With your focus being on product development, managing investments, building key partnerships, and attracting the right employees, your intellectual property and its role can sometimes be relegated to the backburner. Intangible assets such as Copyrights, Trademarks, Trade Secrets and Patents are playing an increasingly central role in start-ups and their transactions. The creation of intellectual property, it’s licensing and commercialization is the new reality. As a part of any valuation by a…
It may not be widely accepted but it is common knowledge that most knowledge-driven companies, sit on their intellectual assets/intellectual property until it's too late. Some may fail to recognize their valuable IP, others may show apathy, and others may not know what to do with the IP that they stumble upon. Even most IP-savvy companies sometimes fall into one of these three types. That being said, when a company does decide to increase its IP revenue, IP filing seldom…
Business Value of IP – A Presentation for United Nations Industrial Development Organisation (UNIDO)
This presentation gives an overview of the value of IP for businesses, especially SMEs. The presentation was delivered for the plastics and machine tools industry in Delhi and has specific examples to suit the said industries.
The presentation can be accessed here
By Dr. Kalyan