The value of a start-up often lies solely in intellectual property (IP), and IP is most important to start-ups when framed as part of the overall commercial strategy. Any business plan involving licensing, or exit involving asset sales, requires the start-up to own their IP, so that it can be licensed or sold. Start-ups should strongly consider registering their intellectual property as registered intellectual property can:
Recognising the importance of ownership, the Australian Government has a variety of programmes that founders can take advantage of to help them on their IP journey. Costs associated with the appointment of an IP professional can often be claimed through these programmes, and the registration of intellectual property can be used as supporting evidence for filing the claims. Spruson & Ferguson often work with government incentive advisors to help our clients get the most from these programmes.
To learn more about IP for start-ups, feel free to download our listed IP resources. If you’d like to further discuss how IP can add value to your start-up, please get in touch with us by completing the contact us form below.