AION NR LAST LINE I WANT TO KNOW MORE ABOUT! WHO? WHO WHO WHO......IS AION IN BED WITH? WHO IS ON THAT IP PORTFOLIO LIST, other than the obvious? More importantly, what and with WHOM, will AION accomplish that growing portfolio of "strong international intellectual property" taking AION to a success story?
Those are the newswires, the growing achievements, yet to be spit out as AION crosses each milestone, leading to that Cancer discovery.
Ya gotta admit Jamaica's octopus arm for AION's success.... IS MASSIVE!!
RISK vs REWARDS...hmmmm pretty relaxed rules over there, not nearly the same red tape here in NorthAmerica
I repeat Tyler did say more news to follow soon, which makes sense now that PP NR has been posted!
"In addition, the company is creating a strong international intellectual property portfolio related to their discoveries."
IP strategy
What is an IP strategy?
An IP strategy is a series of decisions and methods designed to maximize the contribution of IP to achieving business goals.
Developing an IP strategy can help you optimize the positive impacts of your IP assets on your business revenue, reputation and competitiveness.
There are five main steps involved in setting up an IP strategy:
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Acquire IP
Through research and product development, determine and create an inventory list of your company's existing and potential IP.
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Valuate IP
Determine the value of future economic benefits your IP will bring.
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Manage IP
Maximize the value of your IP through commercialization and other monetization strategies.
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Monitor IP
Systematically monitor all types of IP in your portfolio.
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Enforce IP
Stop unauthorized use of your IP through legal means or alternative dispute resolution methods.
Importance of an IP strategy
A strong IP strategy can give you a competitive advantage in the marketplace:
- new or increased revenue based on a diverse IP portfolio
- higher prices charged in the marketplace based on your reputation in the marketplace as a result of your brand
- increased market shares as a result of excluding competitors
Define your IP strategy
There is no catch-all IP strategy.
Carefully think of your overall business goals and how leveraging your IP assets could help you reach these goals.
Your IP strategy could include:
Protecting technical aspects
Seek patent protection on key technical aspects of your innovation.
Focusing on brand value
Seek trademark protection in order to build value through brand recognition.
Relying on trade secrets
Rely on secrecy and do not divulge details of your innovation. Take the necessary steps to ensure secrecy and keep an eye on your competitors.
IP resources
How IP professionals can help you
Understanding legislation governing IP can be complex.
IP professionals, such as patent and trademark agents, can help you navigate through all of this by:
- offering advice on the best course of action for protecting your IP assets
- helping you write your filing application
- offering strategic advice on developing effective IP strategies for businesses
- helping you avoid costly mistakes and maximize opportunities for growth
Hiring an IP professional introduces a cost you should factor in when planning to seek formal IP protection.
Hiring an IP professional
For more information on choosing and consulting an IP professional, as well as the related cost, consult CIPO's resource on hiring an IP professional.