IP News & Advice: Reducing IP Spend

Hi

Whether you are new to the world of IP or the owner of multiple IP registrations, you are likely to know that the cost of obtaining and maintaining IP can easily spiral. In this month's newsletter we look at the ways in which you can reduce your future spend, use IP to secure funding and even apply for a reduction in Corporation Tax.?

?As always, if you need any help at all with your IP, or have any questions you'd like answering, I offer a free consultation, and I'd love to help. Just get in touch and we'll book in a time.

Vicki Strachan

Don't spend more than you need to on IP

?If your business relies on innovation, you will likely know the importance of IP. However the cost of maintaining your IP portfolio may be concerning.

Read our tips for conducting a simple cost/benefit analysis in relation to each IP right before further spending.?

?Find out more.

Patent Box Scheme

The Patent Box is a government tax relief scheme which is designed to incentivise companies to keep and commercialise intellectual property within the UK. The scheme allows eligible companies to pay a lower rate of Corporation Tax (10%) if a product (or manufacturing process) the make profits from is patented. ?

Find out if your business could be eligible.

Using Innovation and IP to Fund Growth

If you rely on innovation to generate revenue, it it likely that you will turn to further innovation; and innovation (almost) invariably leads to some sort of intellectual property (IP).

Did you know that you can use innovation and IP to fund business growth?

Read our top 5 ways here.

A simple guide to IP strategy for SMEs

In order to limit unnecessary spending on obtaining and maintaining intellectual property (IP) registrations, it is crucial to have an IP strategy that works for your business.

Download our simple guide which is designed to help you develop an IP strategy that meets the needs of your business.