Intellectual Property (IP) arises from the combination of human thought process and know-how, in a unique way to confer some form of advantage to the owners and creators of it. Often IP appears in the form of proprietary technology as such is worth protecting and safeguarding in the same way as any other valuable corporate assets.
Bringing value to the IP is the process of deriving value from the IP or technology. We refer to this as a “Return on Innovation” and recognize there can be a number of pathways to deriving such value. We also assist in IP strategies that can enhance the value of the IP.
We know the the industries and the industries know us. We have successfully monetized IP which greatly enhanced the owners as well as the investment and credit communities.
There are numerous examples of IP owners in corporate, academia, government and individuals who have focused intently on the creation of the IP with comparatively minimal understanding or desire to bring value outside of the everyday situation. Often this is characterized as “technology push” winning over “market pull” in the go forward strategies. This often leads to “stranded innovation” in which a significant investment has been made to create the novel IP, yet the IP is surrounded by an expertise vacuum that prevents the owners from deriving a ‘return on innovation’.
We have found two broad paths to deliver value:
In each of these cases, specific skills and abilities are required as well as deep relationships. Knowledge of IP management practices are required to ensure the real value is achieved by proceeding down either path. Sherwood Partners and agencyIP understand the requirements to ensure our clients’ gains on “return on innovation”.