Vilnius, 26 th of April 2010 A Snapshot of the Guides Intellectual Property: A Business Tool for Small and Medium Sized Enterprises.

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Presentation transcript:

Vilnius, 26 th of April 2010 A Snapshot of the Guides Intellectual Property: A Business Tool for Small and Medium Sized Enterprises

HOW THE GUIDES HELP YOU DO BUSINESS The Guides help overcome the Gap between potential IP Business Opportunity and current IP Awareness among Europe’s SMEs in the textiles, footwear, furniture & leather industry. They look at IP from a business perspective & explain what IP based business performance can look like and what SMEs can do to avoid being copied & create value by using their IP. In particular, the Guides show how Design Rights can be a decisive business factor, based on product design, brand recognition or unique competitive advantage. The Guides conclude by offering 19 National Factsheets on IP & Sector Specific Case Studies.

THE GUIDES’ OUTLINE 1.What you need to know about IP 2.Make Money & create Value with your IP 3.Prepare your IP Strategy 4.Questions & Answers

IP Protects Creativity & Promotes Innovation Imagination Creates Competitive Advantage IP attributes ownership to imagination Imagination is crucial for successful Business Imagination is More Important than Knowledge* IP Strategy is crucial to align ‘proprietary imagination’ to business moves IP drives a Firm‘s Economic Growth & helps Create Value Source: Albert Einstein*

Trade Secrets & Protection against Unfair Competition business plan, know how, client portfolio, tacit knowledge, b-processes Copyright & Related Rights Reproduction of creative & artistic expression Industrial Property: Design Rights Look of products, packaging, designs Trade Marks Logo, symbols, slogans Patents & Utility Models Ownership of invention Unique competitive Advantage Exclusivity in the market Bargaining Chip in cross licensing deals Recognition in the market Sell, buy or trade IP Customer Loyalty Freedom to Operate IP relates strongly to Business... Forms of IP Look Alike & False Description, Unfair Trade Practice Intentionally resembles a product or Mark, misleads consumers = > An Economic Asset

… but is intangible by Nature Spontaneity Successful IP creation is risky since there is a creative & a business element to it Non Rivalry in Consumption IP can be used simultaneously by different people without diminishing in its worth Transferability IP is transferable to a new or similar business context Knowledge Content Background of users & context determine relevance of IP to business Partial Excludability IP guarantees a firm exclusivity and freedom to operate in the market Nature Of IP Perishability Over time IP may become outdated, e.g. technology cycles

THE GUIDES’ OUTLINE 1.What you need to know about IP 2.Make Money & create Value with your IP 3.Prepare your IP Strategy 4.Questions & Answers

Crucial Steps in the IP Value Creation Process Are your Assets New? Is your ‘idea’ new? Is anyone Using & Protecting your planned idea? Conduct Design, Trademark, Patent search Assess Risk Level Create Value: Direct Benefits Create Value: Indirect Benefits Prepare your IP Strategy Determine Risk associated with: company assets commercial & distribution activities R&D, design, purchasing, production Be careful at Fairs! Create value through sales, purchase, Licensing of IP Find the right partner Negotiate the deal Grasp Opportunities Enhance firm value Foster strategic Alliances Increase market share Secure returns on R&D investment Optimize Taxes Get compensation for being copied Understand what type of IP fits which product/ process segment Set Up IP based Business Operations & Resources Assure that you reach your IP based goals through planning, Implementation & Follow up

Impact of IP Based Value Creation Weighs costs against benefits Helps fight being copied Helps take educated risk Avoid Duplication Save costs associated with legal conflict Assure strength of IP Unleash otherwise untapped resources Use IP offensively to boost revenues Determine Risk Associated with IP Assure Novelty of Your IP Leveraging Direct & Indirect Benefits of your IP Achieve desired IP based Results with minimal efforts Optimizes allocation of human, Financial & (in) tangible resources Aligns IP efforts to overall firm performance Develop an IP Strategy Euro

THE GUIDES’ OUTLINE 1.What you need to know about IP 2.Make Money & create Value with your IP 3.Prepare your IP Strategy 4.Questions & Answers

Blueprint For an IP Strategy Make your firm unique & competitive in global markets by leveraging all of its IP to Create distinctiveness & Additional sources of revenues Resource Management Innovation Surveillance Planning & Follow Up What? Why? How? Perceive Your firm as IP hub Optimize Business Processes Promote Your position In the market Operational Resources Financial Resources Administrative Resources Training Awareness Raising IP Audits Plan IP based actions Measure success through Performance indicators

Checklist for an IP Strategy Internal Checklist Identify IP Assets that strengthen your strategic objectives Find out if your IP assets are really new Conduct internet search (available databases) or hire an attorney Is there a risk that you infringe the IP of competitors or that competitors (legally) steal your IP? Assess the risk level for each innovative asset/market/business How did IP give you an advantage over competitors? Do you have freedom to operate & exclusivity in the market? Establish your own goals according to direct/indirect benefits of IP How determined are you to extract revenue from IP? What experience do you have in managing IP? Set up operations & resources to extract value from your IP At which operational level is IP dealt with? Where does the budget come from (grants, subsidies, internal budget)? How will we assure dissemination & what planning actions will we take? Which indicators will we use to measure success?

Practical Illustration of an IP Based Matrix Source: Guides Asset/ Risk Geograph. Coverage Market DecisionBenefit/ SME Target Next Steps/ Persons Involved Costs ProcessWorldTrade Secret Keep it secret, so competitors can’t get it Only few people know None BrandE.U., U.S.A. Japan Trade Mark Nobody copies me! Register Z in Charge Check costs Design X Asia, EuropeRegistered Design Enter new market X in chargeCheck costs Patent Y U.S.A.Licensed patent EuroIdentify distribution Y in charge Check costs Product Z WorldNo protection Keep documents X in chargeNone Contract Sub- Contractor IndiaContract Clauses Clarify relationship! None

THE GUIDES’ OUTLINE 1.What you need to know about IP 2.Make Money & create Value with your IP 3.Prepare your IP Strategy 4.Questions & Answers

ABOVE ALL: THANK YOU VERY MUCH FOR THE OPPORTUNITY TO PRESENT HERE TODAY!