Innovation isn’t cheap. From research and development of an initial idea, through to IP protection and manufacturing, costs can quickly escalate and put an innovative business in a difficult financial situation. This article explores some of the funding opportunities and financial assistance available for companies that are registered in the UK.
Insights: Innovation Protection Strategy
The British Standards Institute, sponsored by Innovate UK, has recently published a free to download PAS 440:2020 Responsible Innovation – Guide. The guide aims to provide comprehensive direction for companies on best practice for innovators. It helps those companies consider the wider implications of their innovation, capture the outcomes of that consideration, and communicate those outcomes to stakeholders.
26 April 2020 is World Intellectual Property Day. World Intellectual Property Day is an event established by the World Intellectual Property Office (WIPO) to inspire the public to “learn about the role that intellectual property rights play in encouraging innovation and creativity”. Each annual event has a theme and this year’s theme, focussing on climate change, is “Innovate for a Green Future”.
rocery delivery service Ocado was forced to temporarily suspend parts of its online service last month due to coronavirus (Covid-19). The panic buying induced by the virus resulted in a tenfold increase demand. However, even before this unprecedented surge Ocado has been steadily growing over recent years. A quick Google search shows the impressive growth of Ocado’s share price since its initial public offering. Investment in technology and intellectual property (IP) have played a major role in this growth.
Do you have an innovative or novel approach to clean ambulances quicker to help combat COVID-19? The UK Government is asking for your help. Currently it can take up to 45 minutes to clean ambulances once they have transported a patient suspected of having COVID-19. Rapid sanitising technology solutions are required to enable ambulances to be effectively decontaminated faster, so that they can return to service as quickly as possible.
Innovate UK’s new funding competition offers grants of up to £50,000 to companies carrying out projects that aim to tackle societal or industry needs in the wake of the Covid-19 pandemic. The competition closes on 17 April 2020.
Many of our clients are startup companies who are looking to secure funding from investors to help them develop to a point at which they can ‘exit’. Typically this may involve a buyout from a larger company.There are three core categories of an effective patent strategy that may be scrutinised by investors or potential buyers:
Ahead of the ‘Funding for Deep Technology’ Fair on November 8th, Paul Loustalan talks about the importance of IP protection in Deep Tech.