Integrated IP Landscape
To build a targeted IP portfolio and steer investments in the direction of maximum returns, it is indispensable to follow an integrated approach that aligns itself in the direction of a company’s growth. The IP value chain, starting from conception to patent application, must be enhanced by incorporating the IP into business planning strategies. Pursuing an integrated approach can offer substantial advantages as it helps reduce wasted efforts and forestall diminished returns. In doing so companies can identify areas that can create revenue streams in the future and discard those that cannot. This allows inventors to adopt a focused approach in problem-solving and build a sustainable IP value chain. A comprehensive IP roadmap can help innovators and investors alike to understand and isolate areas that carry a broader scope for innovation and develop tactics to debilitate the key competitors’ position.
Having an in-depth understanding of the IP positioning of a third party is a potent tool in strategic planning activities, be it funding decisions for R&D or tracking a successful and promising firm to acquire or license.
An integrated landscape can help companies materialise robust product development strategies, which includes filing patents inclusive of future features, by indicating whitespaces in a particular domain that is best suited for R&D and New Product Introduction. A rigorously prepared landscape report allows the company to avoid heavily patented areas, and in case of overlapping interests with key competitors, build more rational strategies for IP development. It reveals vital insights into the key competitors’ scope of product development and their vision thereof, making it possible to strategize one’s own growth through sustainable plans.
Thus, educating inventors on the company’s performance against its own business objectives and the competitors’ position in similar domain plays a key role in identifying loopholes or weaknesses in the patents and thereby design improvements to streamline growth. This integrated approach remains extremely crucial during the entire life span of a product’s development. With our unique blended skills, we have the expertise to meet any possible needs to this effect and help further innovation and financial development opportunities.