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It’s more important than ever to effectively manage an IP portfolio
Analyze and acquire data
Mine data and set up a database to gather and store information
Effective communication connecting legal, business, and technical terms
Program management methodologies
Why manage IP portfolio?
Well-Managed IP Portfolio bring invaluable benefits
When you manage your IP portfolio, you add value to your company
Creating a barrier of entry
Your IP portfolio may stop competitors from coming into your valuable commercial space. Holding a patent portfolio around new technology involving the main product or patent, along with additional patents covering variations of your invention.
Once you create a barrier to entry, investors will be more interested in investing in your company because they understand you have a exclusive space in the market.
A comprehensive IP portfolio can make your business more valuable, so it can increase your profits if someone wishes to buy IP rights associated with your company or product.