IP STRATEGY: THE BEST TIME FOR YOUNG ENTREPRENEURS TO BE SAVVY

  • IP strategy is a living document. You can not completely crystal ball everything
  • The direction must come from the CEO, buy in from internal management and business alignment.
  • Having a protected intellectual entrepreneur asset (IEA) is not a strategy. You need to create channels
  • Selecting investment opportunity: most important thing is not a patent — it is whatever offers economic moat
  • “Co-opetition” = working together to facilitate reaching own goals
  • IP Strategy must be geared towards providing solution that market demands otherwise your IPR is no use
  • Larger IP-owning company should see litigation funding as a way to take risk off balance sheets
  • Your IP portfolio must not exist in vacuum, consider current & future markets & competitor presence
  • Understanding IP landscape is essential to developing IP strategy for innovation-led businesses
  • Innovation is about generating new things but also about renewing old things & disrupting old ways

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Intellectual Property & Intellectual Capital Consultant

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Akeem Famuyiwa

Akeem Famuyiwa

Intellectual Property & Intellectual Capital Consultant

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