ConsolidateiP
Are you wasting resources on intellectual property (IP) rights you no longer need? As your business evolves and grows, an up-to-date IP strategy is a must. Futureproof your IP portfolio with our expert ConsolidateiP service.
Why an IP Portfolio Review Is Important
In today's fast-moving business climate, it's essential to regularly re-evaluate your IP assets to make sure they’re still working for you.
Products and business plans can change over time, so it may be necessary to adjust your IP strategy in line with these to maintain a competitive edge.
Reviewing your IP portfolio allows you to:
- Get an accurate view of what IP you currently own, and what might be missing
- Align your IP strategy with your product roadmap
- Protect your latest ideas and innovations to maximise commercial value
- Identify potential risks as well as growth opportunities
- Save time and money by discarding IP rights that are no longer needed
Protecting your IP should reflect where your business is going, not where it's been. This means building a resilient IP strategy for the future that can keep up with customer demands and adapt to change quickly.
IP Assets Review: How ConsolidateiP Can Help
By taking stock of what intellectual property you currently own, you'll get a clearer picture of the next steps you need to take to shore up your assets.
ConsolidateiP can arm you with the information you need to make the business-critical decisions that will shape your next phase of growth.
Step 1: Examination
A thorough audit of your current IP portfolio to see how well it supports your commercial goals. We look at:
- Whether your IP still adds value to your products and services
- How your business has changed and whether your IP needs to change with it
- How your IP could work harder for your business
Step 2: Identification
Pinpoints which elements of your business plan aren’t currently protected. We’ll:
- Recommend the most efficient and cost-effective ways to plug any gaps identified
- Suggest other types of protection that could strengthen your IP portfolio
Step 3: Reduction
Highlights any IP rights you no longer need or could manage better to reduce costs. Our custom software:
- Provides a detailed visual breakdown of your IP spending
- Shows whether each cost is delivering maximum value
Steps 4 & 5: Reccomendation and Implementation
A summary of our key findings, with a practical plan of action to implement. It includes:
- Recommendations tailored to the next phase of your business journey
- A future-focused IP strategy that is aligned with your business goals
- Extra support if you need it, to make implementing our recommendations as quick, smooth and cost-effective as possible.
FAQs About IP Portfolio Reviews
How do I know if our IP is still relevant?
If you haven’t reviewed your IP portfolio alongside your current business plan, it’s likely that some rights are outdated and no longer align with your direction.
Can I reduce IP costs without increasing risk?
You can save on IP costs without increasing risk if you take time to fully understand which rights still support your commercial goals and which don’t. Anything outdated or no longer needed can be ditched or streamlined without leaving your business vulnerable.
What’s involved in an IP portfolio review?
A strategic IP review like ConsolidateiP looks at what your IP covers, what it costs and what commercial value it offers. It identifies areas for improvement, with an action plan to implement to keep your IP portfolio relevant.
Is it worth reviewing our IP if nothing has changed?
Yes, it’s still worth reviewing your IP assets, even if nothing significant has changed. Regular reviews can identify new risks and opportunities, and help make sure your IP portfolio stays aligned with your business objectives.
