Today’s organizations have undergone a shift from traditional research and development (R&D) methods to modern, collaborative innovation systems. Organizations that can take advantage of this changing landscape are well-poised to drive higher value for customers and long-term success. This post will look at the disadvantages of traditional R&D structures, the shift to new innovation models, and how to begin taking advantage of these models in your organization.

Data is the key to making powerful decisions for any business. Intellectual property (IP) management solutions can provide your team with the data they need to manage IP assets successfully from ideation to commercialization. Here’s how data intersects with intellectual property management to drive success:

By now, you’ve learned that intellectual property (IP) is a critical organizational asset and that it should be managed with diligence. However, your current IP management process is clunky and important details are falling through the cracks. You want to implement IP management software to gain control and efficiency, but you’re getting pushback from senior management that IP management is not a priority. You know that IP diligence is a senior management and board-level strategic issue as much as an operational, and IP management software will lead to long term benefits, but how do you build that case?

Developing a process to manage your organization’s intellectual property (IP) can be challenging. A process needs to be built based on best practices and efficiently enabled. There are a few options and it can be difficult to know which is right for your organization. Here’s a brief breakdown of each option: manual, outsourcing, building an in-house solution, or buying “out-of-the-box” IP management software.

All intellectual property (IP) should be managed and used by organizations as strategic business assets, but trademarks - compared to their IP counterparts - especially run the risk of being overlooked. Effective trademark management is incredibly important not only to leverage these IP assets but also to guard the organization against threats to its brand. There are a number of internal and external issues that impact trademark management.

In today’s highly competitive marketplace, innovation has become a necessity. Innovation allows companies to grow, not only in profits, but in market share and brand recognition. As the rate and quality of demand from consumers and B2B customers increases, so do their expectations that what you’re selling them is the most up-to-date, cutting edge product they can buy. If you’re not suitably invested in innovation, you can bet that your competitors are.

On the first day of my very first job as an electrical engineer, I recall sitting with the HR Director going through a stack of employment paperwork ranging from my W4 for tax withholding, to life insurance beneficiary information. Being as I was a fresh college graduate, the Assignment of Work Product agreement that I was asked to sign was somewhat unexpected.

The “Patent Box” is a corporate income tax reduction program offered by a growing number of countries. Tax reductions are given for income derived from patent-related activities. Details vary from country to country and might not yet exist in your jurisdiction of operations. Among the countries with active Patent Box systems are the UK, The Netherlands, Belgium, Luxembourg, France, Spain and Hungary, and the list is growing. Patent Box legislation is under active consideraton within the US.

The intellectual property experts here at Innovation Asset Group are constantly looking for new ways to deliver value to the market; we love putting out fires in the IP space. One behemoth of a problem we’ve now addressed is the disconnect between in-house corporate legal and accounting professionals on the one hand, and the outside law firms they dispense dollars to on the other. It is difficult at best for companies to understand how much they’re paying in outside legal fees and the benefits they’re realizing (or not). We’ve solved this by leveraging the LEDES billing standard.

Good ideas are the lifeblood of most modern organizations. If you’re not efficiently capturing and reviewing all of them, you’re likely below your innovation potential. If you’re not making fast decisions about which ones to protect, you’re also likely at a competitive disadvantage.