IAC is revolutionizing the IP ecosystem, helping Canadian companies leverage IP Strategy to compete and scale

Innovation Asset Collective (IAC) is an independent, membership based not-for-profit selected by the Canadian Government’s Department of Innovation, Science and Economic Development (ISED) to assist Canadian small and medium-sized enterprises (SMEs) in the data driven cleantech sector with their IP needs. We are a key pillar in Canada’s IP Strategy and the first program that considers the broader relevant IP needs for companies.

Innovation Asset Collective (IAC) is a key pillar for Canada’s national IP strategy and the first program that considers the broader relevant IP needs of companies.

We are an independent, membership based not-for-profit selected by the Canadian Government’s Department of Innovation, Science and Economic Development (ISED) to assist Canadian small and medium-sized enterprises (SMEs) in the data-driven cleantech sector with their IP needs. Led by experts in IP education, strategic counsel, IP generation and patent access, IAC helps Canadian SMEs understand and harness the value and power of your IP so that that innovations can be commercialized and protected for the benefit of the Canadian economy.

The role of IAC

Despite being a nation of innovators, Canadian companies own little of what they invent. In fact, the share of Canadian-invented patents transferred to foreign firms has more than tripled from 18 to 56 per cent over the past 20 years.

There is a proven need for Canadian companies to build capacity when it comes to IP strategy.  SMEs often have limited resources to build a dedicated IP position and in turn take little or no action to secure ownership of their innovation. As a result, IP rights developed are often invention driven and reactive, focused on protecting past inventions, rather than preserving options for future commercial application of the innovation.

As an SME, your ability to generate revenue and control the market can be derived from your ownership of IP assets, which protects your competitive edge and your control of data.

To become global technology champions, Canadian companies need to understand the importance of IP and know how to build formidable IP and data positions to support growth.

This is the role IAC is playing.