Features

Building an effective, business-focused patent portfolio

By Johanna Dwyer, Paul Carpenter and Daniela Sanchez

Businesses that want to maximise the value of their intellectual property must understand it will not just happen overnight. Instead, they must put in place proactive plans to manage the process – and that means starting even before patent applications are filed

[I]nnovation without protection is philanthropy.” So claims Kevin Rivette, founder and partner in the Sherpa Technology Group and former chairman of the US Patent and Trademark Office Public Patent Advisory Committee. Even with protection, Harvard Business Review estimates that the United States wastes $1 trillion in underutilised patents, a figure that highlights the importance of effective IP strategy and management.

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