intellectual property

Small Business Expansion: A Checklist

Small Business Expansion: A Checklist

When running a small business, it is hard to determine what is important and whether the costs are justified. As you look for investment or begin to scale up, these issues can become ever more important and may slow your development down. There are several things every business should have in place, regardless of its infancy and these are just some of the key factors to consider: Good advisors Paying for a good lawyer and accountant often seems a lot when you first start out, but they can save you much more in the long run. When you are ready to invite in investment, expand or sell your business their paperwork is absolutely the key to your success. Choose those advisors carefully though because they must understand you and your sector. If you need specialist advice, make sure they have ex... »

Reforms to Create More Open Intellectual Property System

Plans to reform intellectual property (IP) laws will offer small firms more protection and allow them to more easily capitalise on their IP assets, the Government has said. Following a six-month independent review into copyright and IP legislation, the Government announced it is accepting all ten recommendations for change, which could benefit the economy by up to £7.9 billion according to the report.  “The Government is focused on boosting growth and the Hargreaves review highlighted the potential to grow the UK economy,” said Business Secretary Vince Cable. “By creating a more open IP system, it will allow innovative businesses to develop new products and services, which will be able to compete fairly in the UK’s thriving markets for consumer equipment.... »

Small Businesses Not Safeguarding Intellectual Property Rights

Small businesses must ensure they are protecting their innovations — that’s the message from the Intellectual Property Office (IPO), which found that just 15 per cent have sought advice to safeguard their ideas. The IPO survey (PDF) of 20,000 UK businesses of all sizes also found that just 11 per cent of small firms assign responsibility for managing their IP rights. Commenting on the research, IP minister Baroness Wilcox said small firms risked missing out on valuable income from their creativity. “Innovation is the backbone of our economy and it’s encouraging that many businesses know the importance of protecting and exploiting their ideas. However, it’s clear that many smaller companies aren’t aware of how to make the most of their IP.” “As part of the Government’s com... »

SMEs Propose Improvements to IP System

Small-business owners have been called on to propose improvements to the UK’s current intellectual property (IP) system, as part of an ongoing independent review. Professor Ian Hargreaves, who is leading the Independent Review of IP and Growth, has issued a Call for Evidence setting out in detail the questions the review will consider and seek evidence on. Key areas the review is covering include: How the current IP framework could make it easier for internet-based businesses to protect their intellectual property. Does IP form a barrier for new businesses trying to break into established markets? The cost and complexity to small businesses of accessing IP services to help them to protect and exploit their intellectual property. Talking about the IP review, Professor Hargreaves said: &ldqu... »

SMEs Must Grasp the Value of Intellectual Property

SMEs Must Grasp the Value of Intellectual Property

New ACCA report says SMEs see IP as costly Financial cost and lack of awareness are the two main barriers SMEs face when facing the issue of Intellectual Property (IP), a new study for ACCA (the Association of Chartered Certified Accountants) reveals today. Undertaken by Said Business School at Oxford University, the research offers recommendations for entrepreneurs and SMEs to improve their IP awareness, while also recommending that professionals dealing with SMEs – including accountants – also raise their own awareness of Intellectual Property. Interviewing approximately 50 SMEs and microenterprises, the report found that SMEs were also reluctant to consider IP due to not understanding its true value to their business. When it comes to seeking advice, some interviewees said t... »

Intellectual Property Healthcheck Tool

Intellectual Property Healthcheck Tool

Small Business News – 3rd March 2009 Online tool helps firms protect and exploit IP Small firms can find out how to identify, protect and exploit their intellectual property (IP) following the launch of a free online tool from the Intellectual Property Office (IPO). The IP Healthcheck enables users to learn about the different types of IP, including trade marks, copyright works, patents, designs, design rights and confidential information. Businesses can use the interactive tool to help identify what IP they have, find out how to protect it and what they can do to earn money from it. Users must answer some basic questions on the relevant IP topic and will receive a tailored, confidential report with a recommended action plan and links to other useful information and resources. &ldquo... »

licensing booklet

New Booklet Unlocks Value of Intellectual Property

Entrepreneurs can learn more about the money to be made from intellectual property (IP) licensing deals in a free booklet from the UK Intellectual Property Office (UK–IPO). The 24–page publication, ‘How licensing intellectual property can help your business’, explains how small firms can use licensing to create revenue streams linked to their patents, trademarks, designs and copyrighted material. The booklet has been produced as part of a drive by the UK–IPO to raise awareness of the value of intellectual property among small businesses. It includes: an introduction to IP licensing an explanation of why businesses buy and sell IP licences a checklist for those considering entering into licensing deals resources for further information useful contacts. An IP li... »

Intellectual Property Awareness hits Edinburgh

The UK Intellectual Property Office Awareness Campaign visits Edinburgh on Tuesday 22nd January 2008. The free event is open to small business and medium sized enterprises and will offer free information on a broad range of intellectual property matters such as patents, trademarks and new design legislation. The Intellectual Property Awareness Day will be staged at The Sheraton Hotel, 1 Festival Square, Edinburgh EH3 9SR. Registration to the event is open until 21st January via a registration form on the IP Office website, or by contact via email at or for further information please contact the Events Team on 01633 814708. The event starts at 9:00am on the Tuesday and runs until 13:30pm. The UKIPO event, in partnership with Microsoft, is also supported by The Intellectual... »