Cost-Effective IP Tools

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Different studies show that small businesses face several difficulties in using the intellectual property (IP) system. Among them, costs related to the acquisition, maintenance and enforcement of IP are perceived as the greatest barriers.

This fact sheet highlights some low-cost strategies that SMEs could adopt to exploit their intangible assets and therefore reap the benefits of the IP system. It is important to note that there is no single best way to manage intangible assets and that the choice of the different tools certainly depends on the business strategy of the enterprise. Most importantly, for a business plan to be successful and fruitful, strategic decisions should be jointly taken with managers, lawyers, employers/creators and intellectual assets consultants.

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