The World Intellectual Property Organisation (WIPO) has
published new guidance for entrepreneurs, inventors and SMEs,
explaining how patents can be used to further strategic business
goals.
A company’s patent strategy is a key component of its overall
innovation and business plan and, according to WIPO, an
understanding of the intellectual property system in general, and
patents in particular, is central to an effective approach to
managing innovation.
An IP-focused business strategy, it says, will help to ensure
that the company draws maximum benefit from its own innovative
capacity, establishes profitable partnerships and avoids making
unauthorised use of technology owned by others.
The new guide, Inventing the Future: An Introduction to
Patents for Small and Medium-sized Enterprises, explores some
of the most frequently asked questions about the patent system,
providing companies with hints and tips on how to go about
developing a patent strategy that is suited to their needs.
