Commercialisation Of Intellectual Property:
The value of intellectual property lies in its commercialization and not in its mere creation and development. It is the IP which leads the merger to emerge and those companies which have I P dominance take the shot. Companies derive competitive advantage that arises out of the way in which Corporate organizes and performs IP blended activities, and the activities are the means by which a firm creates value in its product for its buyers. The value and the value addition for the buyer is the end product for any organisation and the organisations can best achieve this value addition through its Intellectual Property Profile.
Intellectual Property are the sparkling assets, they are the spark plugs that gives thunderous start and bring the investments in monetary, fixed and intangible assets to profitable life, which otherwise could well remain sleepy. Intellectual Property is the most powerful commercial asset that the business possess and is best utilized in networking. In India the commercialization of Intellectual Property is still to fully develop, the corporate needs to shake up their idle IP Inventories and needs better management and promotion of their Intellectual Property. Like the physical property the IP can also be leased, transferred, acquired, and mortgaged for limited period or on permanent basis. We need to change the mind-set, as Indian companies have never considered Intellectual Property as source of revenue.
HOW CAN WE HELP:
The Institute has a team of professionals who have in depth
understanding of these issues, and have been working in this direction
for about ten years and can help the corporates in:-
- Identifying Intellectual Property that can be commercialised through various modes
- Finding best compatible parties and the mode that would add the best value
- Providing end-to-end support to best commercialize the Intellectual Properties and assist and provide complete support to finalize and go through the transactions such as Due-Diligence, Valuation, Contractual agreements including monitoring of royalty payment