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  • How to manage accelerating patent costs

    3/7/2016

    There are many experts out there offering all sorts of strategic services. And there are a number of services and software on the market. But no one dare to answer the questions: Why is it so expensive? And what is that cost?

    Join our webinar and start getting yourself the insight needed to make fact-based decisions and not only rely on "a good advice".

    I can come up with at least a couple of reasons why companies themselves have no or little knowledge of the total picture for patent costs. 

    1. Firstly, there is a lack of transparency when agents present the patent costs in bills.
    2. Secondly, since patents are protected country wise, it demands a huge effort to identify and visualise the total costs.
    Having said that, I can line up a number of consequences. To begin with:
    • There is an imminent risk that your company will pay dearly for protecting a product in a country where you have no market, or where you have no competition and therefore don´t need the protection. 
    • Sometimes you also discover that you have been "recommended" to enter a country where there are poor, or even dangerous market conditions for your business. And these patent related costs will not just pass by unnoticed in your business, right?

    Is there a solution to this situation?
    There are many different answers and actions to take into consideration. But ultimately, it´s about you having to decide if you want to be in control of your patent costs or not. If you get yourself the insight needed to make fact-based decisions and not only trust "a good advice", you will be able to understand the costs and manage your economic situation without unexpected surprises.

    3 actions that will help you understand patent costs.
    Let´s start with these 3 actions as they will make an immediate and positive difference:
    1. At Innovaccess you will find an overview of what a patent can cost in one or more country over time.
    2. Visit PRV to find a number of examples showing the cost of maintaining a patent protection for a product in different countries.
    3. Join this group and we will invite you to a webinar that will be held by the beginning of September. At the webinar you will find out how to understand and calculate your own present and future patent costs.
    One more advice.
    Having an expert to guide you will always give you some sort of advice, based on the information you provide. My advice for you is to START BUILDING YOUR OWN INSIGHT of patent costs in relation to your business strategy. Attending our 15-minute webinar the 1:st of September is a good start.

    What´s your best advice?
    Please share your expertise by leaving a comment. Also feel free to share this post in your own network.

    Sign up for the webinar
    Please register for "How to manage accelerating patent costs" on March 30, 2016 08:30 AM CEST at:

    https://attendee.gotowebinar.com/register/330442100135548420

    Attending this webinar will give you strategic as well as hands on tips and tricks on how to manage accelarating patent costs. After registering, you will receive a confirmation email containing information about joining the webinar.

About the blog

The blog will share business insights based on our experience about how to manage intellectual property assets and rights in a smart way. We will also share best practice from working with the world's most innovative companies. Get to know IamIP better by following our key events from our entrepreneurial journey aiming at revolutionising the intellectual property world.

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