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Typically an SME will fall into one of the lifecycle stages outlined below. Each stage has very different needs and IP requirements. We work with clients at each of these stages and are experienced in advising and building the right package of advice and IP rights to meet your business needs. Whether you're just starting out and preparing to covert a strong idea into an investable concept, looking for initial growth and scale or in the expansion or maturity stage, we can help you with your IP objectives.
Each of these stages has very different needs and will require different types of advice. We tailor our services to the development stage you are at and work with you to maximise your IP at each stage of your business lifecycle. No one size fits all and every client is different so you will have a tailored team and aproach, but you can be confident the challenges you're facing we have dealt with many times.
We recently conducted some new research with YouGov to mark International IP Day on 26th April, the 2021 theme for which was SMEs. The survey of small and medium businesses (SMEs) in the UK (1-249 employees) found that only 21% of SMEs have taken steps to fully protect their intellectual property (IP) assets. The survey, of 436 SME decision makers, found that a further 22% have protected their intellectual property assets in part and, of the remaining respondents, 10% did not know whether their business was protecting its IP assets, and 21% did not think that they produced any IP assets at all.
This poll demonstrates that many UK SMEs are left exposed when it comes to their intellectual property assets. Intellectual property should be a core asset to any business. This is for both traditional protection of market position, but also for demonstrating innovation and branding. The ability to provide evidence can be crucial when seeking investment or acquisition, with many investors being acutely aware of the uses and importance of IP assets. Without careful consideration of IP, SMEs risk losing out to competitors on one hand, and losing out on investment and growth opportunities on the other.
Mewburn Ellis’ recently released Special Report, the IP Guide for SMEs which looks at the survey data in more detail, along with IP considerations for SMEs at all stages of their life cycle.
1. It will lock out the competition
IP will stop your competitors from making use of your intangible assets such as your technology, designs or brands and may well steer them towards less well protected alternatives
2. It will enable you to charge a premium
IP gives you the ability to monopolise and exclude other people from your technology, design or brand enabling you to charge a premium price
3. It will make you more attractive to partners & investors
IP provides reassurance to investors and other potential partners that their investment won’t be impacted by competitors and they should be able to maximise their return
4. It will generate additional value & support revenue
IP will increase the value of your business and can also be used as a source of new revenue streams such as through licensing for example
5. It’s a tool for negotiation
IP is a useful tool as part of negotiations and can be used to help resolve issues. For example Freedom to Operate (FTO) issues can often be resolved with commercial agreements of there is an IP portfolio in place.
At Mewburn Ellis we work with SMEs from all over the world and from a diverse range of sectors. What they all have in common is a desire to work with a trusted, strategic advisor and with needing their help to build an IP portfolio to secure and drive the growth of their businesses.
Intellectual property (IP) should be seen as a power tool for economic growth and a valuable business asset. SMEs are often the driving force behind new products, brands and creative designs, but many of them are not aware of the IP system and aren’t fully exploiting their innovative capacity. IP rights are also important as they may enhance the value of an SME in the eyes of investors and financing institutions.
SMEs that apply for patents, trade marks or designs are more likely to experience high growth than SMEs that do not, according to a joint study by the EPO and the EUIPO*. The chance of an SME becoming a high growth firm increases by 33% if it uses "bundles" of trade marks, patents and designs, instead of one single IP right category. When left unprotected, a good invention/creation may be lost to larger competitors that are in a better position to commercialise the product or service at a more affordable price, leaving the original inventor or creator without any financial benefit or reward. SMEs face many challenges, not least the more recent issues that Coronavirus has brought. Now more than ever, SMEs need to be forward looking in the context of their IP and need a trusted partner that can support them as a strategic advisor and work as part of their team to help proactively navigate what can be a challenging area of law.
* Source: EPO Publication High-growth firms and intellectual property rights: the IPR profile of high-potential SMEs in Europe
They bring the ideas and the passion and we bring the IP knowledge and experience in how to protect their business using IP and then leverage those key assets to build their business further. For many we've been with them right from the beginning. We have clients that started in their shed or as a one man band and sold their companies for millions. We've been there and done it for the full IP lifecycle from registering those first patents and trade marks through to supporting funding rounds, mergers and acquisitions and IPO. Some examples of the types of work we have done are listed below:
Small business leaders have to be educated on a wide range of topics and get to grips with key points quickly make the business decisions needed. The internet is a great resource but intellectual property is complicated and it can be challenging to know where to start. The guides below give you everything you need to know to have a good overview of the topic and make educated decisions
Whatever your IP needs and whatever stage of the development process you're at - we can help. We pride ourselves on being trusted advisors, it's one of our brand values and underpins the mentality of the firm. But we also consider ourselves to be the forward-looking IP firm. Put those together and it's a powerful combination. We bring to you the knowledge and experience of many years of working side by side with SMEs but also the vision and forward-looking approach of a firm that’s got its eyes firmly on the future. There is nothing more satisfying that seeing someone’s vision grow and become a powerful company in its market. We’ve seen that many times and it never fails to be exciting.
We’re business owners too and we understand the challenges faced when growing a business, but more importantly we’re passionate about working with business that want to build and leverage their IP.
Investing in IP is a commitment and whilst necessary, this can be daunting in the early stages of your business or when investment in other areas is needed to. We’ll help you understand where to invest and why and how to generate the most return from your IP.
The examples above are just a small snapshot of the work we have done in this area. From one man in his shed to billion dollar deals we’ve been there, done that.
You need a strategic partner who will be proactive and make sure all the right plates are spinning and nothing gets dropped. That’s where we come in. We take the time to understand your business, what you needs and goals are and build an IP strategy with you to meet these. Importantly we will build and flex with you as you grow and develop.
We build long standing relationships with their clients and grow with them. Over 40% of our client base have worked with us for over 20 years. Small businesses have become very large ones and we have been there every step of the way. In a business built on trust, long-term relationships and shared understanding are key to effective working relationships. We invest time in this.
Partner, Chartered European Trade Mark Attorney, Solicitor
Partner, Patent Attorney - Life Sciences Specialist
Partner, Patent Attorney - Chemistry Specialist
Partner, Chartered Trade Mark Attorney
Partner, Patent Attorney - Engineering Specialist
Partner, Solicitor, Litigator
Partner, Patent Attorney - Chemistry Specialist
Whether you are aiming for an exit strategy through investment or acquisition, or to grow and further establish your business, IP can play a key role.
Perhaps you have some experience of IP but are you unsure if you're making the most of it? Perhaps you have no experience of IP and would like to understand how you could use it to your advantage?
Our IP Guide for SMEs will:
If you would like a copy please click the link below to download. If you would like to speak to us about your needs, just get in touch. We would love to talk them through with you.
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