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Intellectual Property Rights and Nordic SMEs

Mon, 17 May 2005 16:46:00 EST

Intellectual Property Rights and Nordic SMEs This paper suggests ten practical IP rules for SME

Intellectual Property Rights and Nordic SMEs

This paper is a study of IPR practice in the IT and Biotech sectors.

Among other findings, this paper suggests ten practical rules for SMEs:

  1. Understand the power of IPR : evaluate risks and opportunities
  2. Make IPR a board issue, and designate and train a formal IPR Manager
  3. Put in place basic IPR quality control: review contracts etc.
  4. Map and rank internal intellectual assets
  5. Know the IPR and technology landscape
  6. Formalise an IPR strategy, beginning with the most critical assets
  7. Train all employees in IPR
  8. Put in place IPR processes
  9. Use systematic selection to choose partner IP firm
  10. Question IPR strategy and portfolio regularly

These rules incur a minimal cost to implement.

You can download this PDF document titled Intellectual Property Rights and Nordic SMEs here.

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