Omigosh what a big IP news week. So much to talk about all condensed in one week. If I didn’t know the IP market better I’d almost call it a wave.
Thanks to one of our IP ambassadors, Giles Peddy at Hotwire PR http://www.hotwirepr.com/company.html we came across this today. Under the compelling title
Firms with strong intellectual property strategies fare better in raising capital
“Patents alone not enough, says MIT Sloan School of Management senior lecturer.”
CHECK…IT…OUT! MIT validate our business model.
I love the title. Love the first few paragraphs. Love the essence of the story. Then, oh no……….it turns into just another patents story.
It is still a great read. Still worth talking about, but to repeat, IP is not all about patents, and it’s not Mr Hadzima Jr, even just about managing patents better. IP is much much wider, and goes right to the heart of what makes a business special and sustainable. Often this is half a dozen items of core know-how, or a core skill or a relationship. Where patents are the most appropriate form of protection, I totally agree with the conclusion. But it is only a small part of the intangibles story. And let’s be truthful, many companies seeking investment only file patents because they’re seeking investment. Not because they truly believe in the system.
I’ll be using this piece of quality collateral though wherever I wander. Thank you Giles.