National Intellectual Property Organization
World IP Day 2017
Innovation - Improving Lives

IP for Small Enterprises

IP Strategy for SMEs

IP Strategy of an SME should at least consider the policies on acquisition, exploitation, monitoring and enforcement of Intellectual Property. IP audit is essential to capitalise on the potential benefits of SMEs IP assets. Preparing a business strategy and plan is a key step and integrating the IP strategy and plan into the business strategy and plan is something that must be exercised at the outset. The IP strategy of SMEs should take a holistic approach to the different types of IP assets. Creating an IP culture in an SME is a first step, which begins by creating and implementing an action plan for protecting its business secrets that provide it an edge over its competitors. It is important that the immense value of technical, business and legal information contained in a patent documents be appreciated since access to and proper use of patent information has great potential benefits for an SME. Improved Intellectual Property asset management by the SMEs essentially means that SMEs consciously plan and strive to get the best result out of their IP assets in line with their business objectives. Identification of IP assets is a first step. Protection is the next, and management the last one, to effectively manage IP assets. SMEs should also learn to use the IP system specially the technical information disclosed in patent documents. Further, they need to learn the use of IP system for developing advertising and marketing proficiencies. SMEs not only need access to markets but also suitable network partners and joint ventures, management skills and credit guarantees. It is advisable to decide on foreign filing only after considering the likely demand, licensing possibilities, and enforcement difficulties but this decision should be made as early as possible. Thus, making technocrats and staff of SME aware and informed of the costs and benefits of the use of IP system, and through it, of protection of new and original ideas, is essential for reaping the benefits of improved product quality, in an increasingly competitive market place and in a knowledge-driven global economy.

Role of Intermediaries for SMEs

In order to bridge the innovation and technology gap, better access to financing, information and services that facilitates the innovation process has to be provided to SMEs through intermediaries. An intermediary can do a practically good job of disseminating innovation and technology to its SME clients.

The Scientist, the Patent and the Mangoes - Tripling the Mango Yield in the Philippines

By Elizabeth March, WIPO Magazine Editorial Team** Source: WIPO Magazine Issue No. 6/2008 dated June 2008
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