A recent survey of 150+ companies to gauge the impact of the economic downturn on their global IP strategy has been carried out which appear to confirm the general trend in the UK.
The key findings of the survey confirm that:
- The majority of companies surveyed had their IP budgets cut in the last 12-18 months. Almost 40% experienced a cut of over 30% of their budget.
- 72% of respondents took the risk of bringing some patenting procedures in-house in the last 12-18 months.
- The cost-saving measure most cited for 2009 was to reduce the number of foreign countries entered. Specifically, between 2008 and 2010 there was an overall decrease in the average number of countries entered.
Despite all of the general business trends and the cut backs that were experienced by many large companies, we congratulate Coller IP Management’s clients on finding alternative cost effective ways of maintaining and protecting their IP portfolios recognising that they have valuable assets that underpin their businesses. As we enter a new fiscal year, we look forward to seeing the continued growth of our clients and CIPM alike.