A company’s patent strategy is a key component of its overall innovation and business plan and, according to WIPO, an understanding of the intellectual property system in general, and patents in particular, is central to an effective approach to managing innovation.
An IP-focused business strategy, it says, will help to ensure that the company draws maximum benefit from its own innovative capacity, establishes profitable partnerships and avoids making unauthorised use of technology owned by others.
The new guide, Inventing the Future: An Introduction to Patents for Small and Medium-sized Enterprises, explores some of the most frequently asked questions about the patent system, providing companies with hints and tips on how to go about developing a patent strategy that is suited to their needs.
