Businesses shouldn’t be intimidated by the legal and academic jargon surrounding Intellectual Property (IP). Here at GovGrant we are changing the conversation and provide a range of services and assets that can help you cut through the noise.
We have pulled together a series of guides and information that you can find in our Knowledge Hub section of the website.
These are all written in a straightforward way and, importantly, view these rights through a commercial lens. For example, you can find out more about Patents in our Knowledge Hub post, and see why we think Patents have value beyond protection here.
We have just published a new Knowledge Hub post called Trade Marks 101 which you might find useful.
What is an Intellectual Property Right (IPR)?
An IPR gives the inventor various rights of ownership and protection. Depending on the nature of your IP, it will fall into one of a number of different categories. In the UK these are:
- Patent
- Copyright
- Designs – registered and unregistered
- Trade marks
- Trade secret
You can read more about the different types here.
Businesses should think about their IP strategy
A business can often value it’s tangible assets easily, they are mostly physical assets and easy to identify. But Intangible assets tend to be more difficult to recognise. These intangible assets, where your Intellectual Property (IP) sits, can be the most valuable to your business.
Your IP strategy should help you know which IPRs are relevant and add value to your business. Seen through a commercial lens you should balance the level of investment made in your own knowledge and the assets you wish to create. The likelihood of success can be better framed when you know what you are trying to achieve. To get more advice on your IP strategy please contact us.
