COVID 19 – Mitigating the Impact of Patent Budget Cuts in Recession
Patent budget cuts
Have you been told to cut your patent budget by 20%? Are you confident that you’re cutting down in the right areas?
Patent activity has continued to grow exponentially over the last 20 years despite enduring two recessions, but this time it’s different. Organisations are honing in on conserving cash and patent budgets are no exception. With over $40 billion spent each year on patents, it’s no surprise that organisations are having to seriously reduce this spend.
Our latest piece, written by CEO Nigel Swycher, explores the challenges IP teams are confronted with in the face of severe scrutiny and budget cuts as well as proven SPI models that will help assess your portfolio and determine which areas should take the hit.
Find out more about the following:
- Are patents immune to a recession?
- How do you know where to cut your budget?
- What SPI models are there that can lessen the impact of budget cuts?
With Cipher you can…
Optimise your portfolio
Ensure you have the right portfolio to meet your strategic patenting objectives.
Gather competitor intelligence
Understand who’s doing what by automating patent to technology mapping.
Model cross licensing
Combine patent and revenue data to determine rational licensing outcomes.
Manage your budget
Justify patent budgets and communicate the impact of your investment.
Conduct due diligence
Automate manual reviews for efficient execution of M&A and licensing transactions.
Tackle inbound patent assertion
Be prepared with evidence to create a fast and effective threat assessment.
Benchmark your portfolio
Assess your portfolio in comparison to other owners through your technology lens.
Monetise your portfolio
Identify opportunities to create value through licensing or sale of patent assets.
Predict technology trends
Track new technologies and discover the unknown owners of future innovation.
Create Risk Mitigation Strategies
Understand the materiality of your threats to define your risk mitigation strategy.