COVID 19 – Mitigating the Impact of Patent Budget Cuts in Recession
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?