IP Matters for Growth
There is a proven need for Canadian companies to build capacity when it comes to IP strategy. SMEs often have limited resources to build an IP position and in turn often take little or no action to secure ownership of their innovation. This often results in IP rights that are invention-led and reactive, rather than establishing ownership of the company’s true value proposition. A successful IP Strategy should be innovation-led and proactive. IAC’s goal is to help you develop and strengthen your IP strategy to enable business opportunities and growth.
SMEs owning IP are 60% more likely to be high- growth SMEs and 4 times more likely to export. (Source: The Canadian Intellectual Property Office)
SMEs who use more than one type of IP increase their odds of high-growth. Specifically, SMEs that have filed at least one European IP right are 26% more likely to experience a subsequent growth period, and 17% more likely to become a high- growth firm. (Source: European Patent Office)
“Canadian innovation has long been at the forefront of important global initiatives.”
“When you have a big problem- shrink it, and when you have a complex problem simplify it, That’s what IAC is doing for the Canadian cleantech ecosystem; it’s shrinking the problem and simplifying the problem.”
“It was gratifying to see the national IP strategy come alive with IAC being launched because it’s the jewel in the crown. Once you have a collective come in, and this is the country’s first patent collective, it puts Canada on the map.”
“We all know that today, probably more than ever, IP is integral to growing firms and to fuelling innovation, which will then fuel prosperity.”
As an SME in the data driven cleantech sector, IAC will enable you to accomplish more through collective action.
As Canada’s IP leader, we are empowering the sustained success of Canadian SMEs through leadership in IP strategy and its use to create global business advantage.
Components of S&P 500 Market Value: Shift From Tangibles to Intangibles
Source: Report: Intellectual Property in Ontario’s Innovation Ecosystem