How Does ConsolidateiP Work?
ConsolidateiP offers a strategic IP portfolio review, following a simple five-step process:
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
Step 4: Recommendation
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
Step 5: Implementation
Extra support if you need it, to make implementing our recommendations as quick, smooth and cost-effective as possible.
The Benefits of ConsolidateiP For Your Business
ConsolidateiP offers both short-term and long-term solutions that could result in a more valuable IP portfolio.
In the short term, it will identify:
- If you have all the IP rights you need to support business growth
- Any gaps in protection or enforcement that need immediate attention
- Whether you could add more value to your existing IP rights
- If any of your IP rights can be dropped to make instant savings
Looking longer term, ConsolidateiP will confirm whether:
- Your existing IP rights match the new direction you want your business to take
- Your products and services will be protected as you explore new markets and opportunities
- You’ll need to shift your IP priorities to support potential new applications for your products and services
- You’ll need extra protection for your latest ideas.
