Page 28 - 15 Best Practices to Manage and Finance Innovation

12
BEST PRACTICE
CROSS-FUNCTIONAL AGILE PROJECTS CROSS-FUNCTIONAL AGILE PROJECTS Protecting Innovation
ETNHEJECUHMAALLNEANGEEMOEFN: TINDNEOLV’INATNIOVNAMTIAONAGEMENT INNOVATION ADREVTICSIUNLGERANSAIPSTSRTARTAÉTGEIGEYDIENPARNOOPRPIEÉNTÉININTOEVLLAETCIOTUNEELNLEVIARUOTNOMUERNDTE SA SA STRATÉGIE D’INNOVATION OUVERTE IP TO WHAT’S THE BEST WAY TO PROTECT YOUR INNOVATION?
Businesses must juggle the the the the need need for openness in in in in in order to to maintain their their competitive edge with the the the the need need to to protect their their intellectual property Conventional IP legal protection tools (such as patents trademarks and designs) must therefore be combined with appropriate security measures for accessing company information both internally and externally (such as privacy policies NDAs and secure computer systems) Patents give their owners a a a monopoly of exploitation for a a a period of of up to 20 years from the the date of of the the request For IP to be patentable it it must meet three criteria: novelty inventiveness and industrial application Once a a a a a patent application has been filed owners often grant the exploitation rights to a a a a third party through a a a a licence UK Patent PATENT PENDING PERIOD
Elect into Patent Box scheme within two accounting periods of of filing date if there are patent box profits FIRST ALLOWABLE PATENT BOX CLAIM
2-5 months
FILING DATE
Up to 18 months
PUBLICATION DATE
Landscaping patentability search drafting and filing £3k - £7k for UK priority filing £600 – £1 5k for Search and Examination reports
Up to a a maximum of 36 months
Grant Date Date Renewal fees apply from 4-year anniversary of Filing Date The UK IPO must either grant a a a a a a a a patent or refuse an an an application in its 4 5 year compliance period Complex patents can take up to to 4 years to to grant from the date of application (Filing Date)
It can be possible to to reduce this time to to as as little as as 18 months
if your invention is is not a a a a complex one
Protect the the intangible value of the the company Control the the risks of cyberattack and theft of of your company knowledge
Collaborate within a a a a a secure legal framework
Make full use of of the talents of of your employees Access new international markets
BENEFITS FOR THE BUSINESS – this will allow you to: