Amidst this pursuit, one asset often stands out as an indication of value and differentiation: intellectual property (IP). From early startups to multinational corporations, understanding and harnessing the power of IP has become crucial for success and the impact it has on the company’s financial performance and value.
Without a commercially focused IP strategy, businesses risk having their ideas and creations exploited or outright stolen by competitors, undermining their competitive advantage, and eroding potential revenue streams.
It is widely accepted that up to 90% of a company’s value is related to its intellectual capital. Investors, partners, and lenders are more inclined to collaborate with businesses that have a robust IP portfolio, as it signifies valuable assets and a clear path to market differentiation. A recent study by the European Patent Office found that start-ups are 6x more likely to receive formal investment if they have filed for a patent, than businesses that have not.
Through licensing agreements, tax incentives and outright sales, businesses can monetise their IP assets, opening new revenue streams and diversifying income sources. Moreover, a strong IP strategy acts as a ‘keep off the grass’ sign, deterring competitors from encroaching on market share and allowing businesses to command premium prices for products or services. By building a reputation for quality, authenticity, and innovation through their IP assets, companies can solidify their position in the marketplace.
Businesses must proactively protect and manage their IP rights across borders by securing patents and trademarks in their key markets. However, protection can be costly, therefore it is imperative that a considered IP strategy is focused on commercial outcome, as well as implementing robust enforcement strategies to combat and discourage potential infringement. If your patent portfolio is not paying for itself, why have it in the first place?
At Source Advisors we have a technical IP team that operate with a commercially focused mindset – we leave out the legal jargon and deliver consultancy that has commercial value.
We have a proven track record of increasing tax relief received by clients through innovation-based tax credits in UK after implementing advice and procedures.
Our team consists of ex-in house IP specialists who are experienced in integrating IP strategies within a business.
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Source Advisors will help to develop a tailored IP strategy that protects your innovations, drives growth, and secures your market position. We will work to understand your business’ ultimate goal and develop a custom IP strategy that will support you in making that goal a reality. As part of our service we’ll provide internal stakeholder education, implementation of internal processes and recommendations for future objectives that need to be accomplished. Let us help you navigate the complexities of IP and unlock new opportunities for success using our combined technical and commercial approach.
Source Advisors has a wealth of experience helping companies of all sizes navigate uncertainties surrounding tax and licensing of IP, allowing them to confidently maximise the advantages of IP ownership, licensing and accessing the UK’s Patent Box incentive.
Our IP consultancy services, including Patent Box, are closely linked with R&D tax relief and a company can often claim tax relief under both schemes, including Research and Development Expenditure Credit (RDEC), the new merged scheme and the Enhanced R&D Intensive Support (ERIS) scheme.
Find out more about our R&D tax relief services.
