How do I create an IP portfolio?

Here, we briefly cover how to develop your IP portfolio in a way that keeps the portfolio aligned with business interests.

1. Identify business goals.
2. Run a SWOT analysis of your IP and that of your competitors.
3. Set a budget.
4. Protect your IP assets.
5. Create a business-focused innovation committee.
6. Create a filing calendar.

What is intellectual property portfolio?

An intellectual property (IP) portfolio is a collection of patents, trademarks, copyrights, and trade secrets. A successful IP portfolio is essential to the success of your business. Intellectual property law protects companies and individuals from unauthorized usage of their ideas, creations, and inventions.

Why is IP portfolio important?

A strong IP portfolio is instrumental for fundraising, leverage in business transactions, exit strategy (e.g. for startups), and business transactions such as mergers and acquisitions (M&A), to name a few. Intellectual property may consist of patents, trademarks, copyright, and trades secrets.

What do IP managers do?

As an intellectual property manager, your responsibilities include examining existing patents and protections, expanding and updating policies, investigating infringements on patents, and ensuring the protection of your employer’s intellectual property. This protection is especially crucial during technology transfers.

What is IP management software?

Intellectual Property (IP) Management software is used by businesses and IP law firms to manage and protect inventions, patents, copyrights, trademarks, licenses, royalties, brands, and other intellectual property legal rights.

What is patent portfolio management?

Portfolio management means efficient maintenance Portfolio management enables the efficient review and maintenance of all the industrial property assets you own, whether they’re patents, utility models, or industrial designs.

How do you evaluate a patent portfolio?

Portfolio Valuation Methods

1. The first one is cost-based valuation which attempts to estimate the cost of generating a patent including R&D, legal, fees etc.
2. The second method is market-based valuation, which is basically a like-for-like comparison.

How do I become an IP manager?

Although there are other paths to take, here is a brief overview of what it takes to become an Intellectual Property (IP) manager:

1. Make sure you have the right personal traits for this work.
2. Get an undergraduate degree in Business, Science or Engineering (with coursework in IP)
3. Get relevant work experience as a student.

What is IPR management?

Intellectual property rights management / intelligent property rights strategy (IPR strategy) is a strategy for managing a company’s intellectual property rights portfolio. It also covers the following intellectual property rights such as patent, trademark protection, design protection, and copyright.