Holding a registration for your IP has many benefits.
- It can give you a monopoly right to use that IP for a defined period of time, which will give you a springboard into the market and prevent competitors from copying you.
- You can monetise it by licensing its use to third parties.
- It can add value to your business when looking to raise capital or attract investors, or when you are looking to sell off your business and retire to that desert island.
That said, CreateIP is not about ‘ticking boxes’ and revenue generating. At CreateIP we are mindful that sometimes the costs of applying for registered protection may outweigh the actual benefits to be gained by your business. We will work with you to help you evaluate the pros and cons of registered protection and devise an IP strategy that meets your objectives.