Intellectual Property is becoming increasingly important for SMEs. Years ago IP was the preserve of the very large companies and focussed almost exclusively on Patents and Trade Marks. It tended to involve large sums of money and lawyers and other professionals.This was largely beyond the reach of SMEs. Now however and increasingly SMEs are identifying what IP they own with a view to protecting a valuable asset and adding a potentially saleable commodity to their balance sheet.
The Government’s Intellectual Property Office (IPO) now provides a number of resources specifically for SMEs to explain the various types of IP and indeed what is and what isn’t intellectual property