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Managing Intellectual Property with software

Implementing a dedicated software IP management system is one solution to taming your out-of-control IP records.  A system that can store all the data at your fingertips, holding project information such as financials and agreements together with associated up-to-date intellectual property data. This form of IP management ensures that valuable IP is not lost and commercialisation opportunities are not held up because records are disjointed or out of date. Having a system that easily reflects complex relationships across multiple data records in a consistent manner is becoming increasingly important today, as the focus and push to commercialise is growing.

An intelligent software IP management system will recognise and minimise duplication and redundancy throughout your database. For example in the contacts section where multiple records could be held for the same person, with each record varying slightly, for example ‘Uni’ versus ‘The Uni’, an evolved software system will quickly tidy up duplicated records.

A further benefit that is realised, as an IP management system grows, is that with an IP software solution, further links can easily be made to earlier related projects. The tracking of record changes as your IP is advanced through stages of commercialisation is now an automatic process with date verification.

Managing Intellectual Property with Inteum

Inteum is one example of an IP management software system that stores, analyses and reports on the technology data securely housed within an IP database. It is highly customisable and can include researcher portals for the secure provision of data.  It also has the ability to restrict access to run certain reports or limited to the records of a particular company section. In technology management circles, Inteum is well recognised as an industry leader with a support team focused on customer feedback to steer continual improvement of the system.

With a dedicated IP software system, the frustrations with the limitations of your Intellectual Property management will be a thing of the past. Time will be saved when tracking your commercial assets and confidence in your data quality will be renewed.  IP Active offers a managed Inteum Package to help you with managing your intellectual property. Contact us today to find out more.