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Intellectual Property Strategy

Managing IP risk and value

Every company needs a strategy for dealing with the value and risk relating to intellectual property rights (IP).

Intangible assets now account for the bulk of the value of most companies, and IP strategy is now a boardroom issue. Cipher is a key for any organisation integrating its patent strategy with its business and IP strategy more generally.

Law firms

Are you a legal professional seeking information?  Visit our Law firms page to discover how Cipher can help with your patent-related projects.

Cipher IP Strategy Report

The Cipher IP Strategy Report analyses the impact of disruptive technology through a patent lens with industry contributions from IP leaders across automotive, technology, industrial automation, aerospace & defence and financial services.

IP Strategy Report Example

Intellectual Property and Patents

Intangibles v tangibles

An IP Strategy is essential

Intangible assets, including intellectual property, today account for the majority of enterprise value.  Managing the future growth of any organisation requires a clear IP strategy, that is endorsed by all levels and functions within an organisation.

IP Strategy

Patent Strategy as part of an IP Strategy

  • Patents are increasing in importance across all sectors with a greater share of budgets being allocated towards patent strategy as part of overall IP strategy.
  • Over $40 billion is spent globally on patents each year.
  • Ensuring that your patent spend is allocated in line with any corporate or IP Strategy, requires a patent intelligence strategy.  Cipher was created to enable IP professionals to make evidence based decisions around their patent strategy.

Developing an IP Strategy

IP Strategy components

Developing an IP strategy requires engagement from stakeholders across the business.

  • The importance of IP strategy should lie at the core of corporate policy right from a company’s earliest days.
  • Proactive engagement in an IP strategy can mitigate business risk in the future.
  • IP strategy forms part of any Corporate Strategy function of an organisation.
  • Even a business who has no meaningful IP assets of its own is likely to be dependent on the IP it licenses from others.
  • Patent strategy is a key part of any IP strategy and due to the cost of patent portfolios, it is scrutinised at at high level.
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Cipher gave us the ability to understand the technology landscape and was an important foundation layer in creating a strategy for protecting our innovations whilst enabling us to understand how best to deal with others in potential conflict areas.

Lucy Wojcik, Head of IP, Ocado

Have you ever asked these questions?

How to align patent strategy with business strategy?

Communication is critical to aligning patent strategy to your IP strategy more broadly. Many organisations establish an IP steering group with representatives from across the business, with senior stakeholders reporting directly to the board, typically quarterly.

What’s the best way to communicate patent strategy to the CFO, CTO and the board?

Patents have historically been regarded as a cost. Integrating strategic patent intelligence into presentations helps develop a fresh narrative, where patents are seen as strategic assets mitigating the risk of litigation or adverse licensing outcomes. Find out more about about communicating Portfolio Optimisation, Competitive Intelligence or Benchmarking.

How to benchmark an IP portfolio to competitors and new entrants?

Benchmarking data can be slow, expensive and inaccurate, which erodes trust in patent intelligence and creates obstacles to comprehension of your patent strategy. Cipher maps patents to technologies using your technology lens and automates the production of actionable benchmarking metrics.

…then Cipher can help.

It’s important to recognise that there is an intensely competitive landscape. With respect to the movement from traditional to non-traditional players, it’s really important that we understand what the landscape is and what IP rights are out there.

Dr. Bobby Mukherjee, Chief Counsel, Intellectual Property and Technology Law, BAE Systems PLC.

Reports

LOT Network offers Cipher access to members 

LOT Network announces access to Cipher and the Universal Technology Taxonomy for all LOT patent owning members.
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TechInsights partners with Cipher to harness machine learning

The partnership will see ML used to leverage patent intelligence to reveal insight about the future direction of the semiconductor industry.
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Europe and Asia edging ahead for green hydrogen technology supremacy

The green hydrogen sector will see rapid technological innovation as the sector continues to scale and evolve. This is the lead finding of a joint report by Cipher and Fitch Solutions.
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BlackBerry Patent Sale Announced

Using the Cipher Universal Technology Taxonomy we have identified the top areas of technology innovation protected by the BlackBerry portfolio.
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IAM Strategy 300 2022

Nigel Swycher, CEO of Cipher and Steve Harris, CTO, are both named in the IAM Strategy 300 Global Leaders list for 2022.
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Universal Technology Taxonomy – Insight

Introducing the world’s first Universal Technology Taxonomy. This article sheds light on why Cipher launched the world’s first universal technology to classify patents and example analysis using UTT.
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Events

Cipher Certified Webinar

How can you build your own view of the technology landscape? Join us to learn about how Cipher can help you create a patent custom taxonomy.
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IPBC Global 2022

We were in Chicago for IPBC Global and enjoyed the discussion around some of the key themes for IP teams
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IP Counsel Cafe

We spoke on the theme of mastering IP data analytics at this annual Silicon Valley event. Read our key takeaways from the successful conference.
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ML4Patents Cipher and the Universal Technology Taxonomy Webinar

We joined ML4Patents to discuss machine learning within Cipher’s Universal Technology Taxonomy. Access the full recording plus a UTT handout.
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IPBC Europe 2022

We spoke at this year’s IPBC Europe conference on how robust ROI models demonstrate the value of your patent portfolio. Also, access a Telecommunications Connectivity report
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Preparation and Readiness: How to proactively manage patent risk

81% of patent owners face a degree of risk in the next two years. Become ready to deal with potentially catastrophic events by accessing this full webinar recording.
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With Cipher you can…

Portfolio Optimisation connecting cogs

Optimise your portfolio

Ensure you have the right portfolio to meet your strategic patenting objectives.

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Competitive Intelligence

Gather competitor intelligence

Understand who’s doing what by automating patent to technology mapping.

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Cross Licensing

Model cross licensing

Combine patent and revenue data to determine rational licensing outcomes.

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Manage your budget

Justify patent budgets and communicate the impact of your investment.

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Conduct due diligence

Automate manual reviews for efficient execution of M&A and licensing transactions.

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Tackle inbound patent assertion

Be prepared with evidence to create a fast and effective threat assessment.

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Benchmark your portfolio

Assess your portfolio in comparison to other owners through your technology lens.

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Monetise your portfolio

Identify opportunities to create value through licensing or sale of patent assets.

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Technology Trends icon

Predict technology trends

Track new technologies and discover the unknown owners of future innovation.

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Risk Mitigation

Create Risk Mitigation Strategies

Understand the materiality of your threats to define your risk mitigation strategy.

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Improve your patent strategy now

Speak to the Cipher team today.

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