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Your R&D might be worth more than you think, thanks to innovation incentives

Most businesses underestimate what they can claim from innovation incentives. According to the Telegraph, 40% of active companies in the UK generate some form of innovation, yet most business owners have no idea that they qualify for R&D tax credits.

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Enhance your innovation cycle by knowing customers, competitors and collaborators

Research by CEB reveals that the top priority of R&D leaders is to beat competitors to market with big innovations—but 90% of them also believe their pipelines are slow at turning ideas into successful products. According to the same research, R&D managers report that one third of their projects are behind schedule. Enhancing the innovation cycle is not just about speed to market, it’s also about ensuring your product is profitable so that R&D resources aren’t wasted.

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UK Government explains how it’s tackling IP crime in latest report

During 2016, over 2 million suspected infringing counterfeit goods were detained by border force. IP crime not only impacts the UK economy but also undermines legitimate businesses who work hard to innovate.

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Imperial College professor outlines key considerations when outsourcing IP management

I had the pleasure of interviewing Ian Harvey, Chairman of the IP Centre Advisory Board of Tsinghua University x-lab and adjunct professor in intellectual property (IP) at Imperial College Business School. Ian has a wealth of experience in IP and and was the former CEO of BTG, where IP management was at the core of their business. IP matters were handled in-house however, in this interview, he tells us what to consider when outsourcing IP.

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How does IP data from patents supercharge R&D?

 

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What are the major barriers to R&D and IP collaboration and how can they be avoided?

For any new product development project, it’s important for the R&D team and IP team to work together. However, the reality is that collaboration between the two departments can be very difficult as they come from different worlds. R&D are often risk takers but IP teams are usually more risk averse. What I wanted to find out is what the major barriers to R&D and IP team collaboration are - and how they can be avoided.

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A holistic view of intellectual property and how to use it strategically

I had the pleasure of interviewing Liz Ward, Principle of Virtuoso Legal, a boutique IP firm. If there’s any law firm that understands the holistic view and strategic use of intellectual property, it’s them. Although Virtuoso is a small boutique IP firm, they have outcompeted large magic circle firms by wining second place for ‘IP team of the year’ at The Lawyer Magazine Awards 2017.

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Businesses that own no patents use patent data to increase revenue, so why don’t you?

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The surprisingly simple key to improving innovation success rates? R&D collaboration.

R&D budgets are large, with some of the top R&D intensive companies spending $680 billion (£536 billion) in 2016.  Yet a recent report by Forbes revealed that most product launches fail at 80% and only 4% get a return on investment. How can companies succeed with R&D projects when the odds are stacked against them?

Research has shown that one surprisingly simple strategy can reduce the failure rate of R&D. What's the secret? Improve collaboration.

Collaboration is key because it enables sharing of information at the early stages of a project. This helps teams communicate which projects to focus on rather than spending time and resources focusing on different objectives.

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PatSnap Weekly: June Week 1

Welcome back to PatSnap Weekly. This week there have been significant advancements in IP, with a new ruling by the US Supreme Court in Lexmark International v Impression Products. Elsewhere, the world's largest plane has been revealed, with a wingspan larger than a football field.

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