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What an IP coordinator should know: Are we getting value for money?

As part of our ongoing series examining the ecosystem necessary to bring technology to market, David French, a senior Canadian patent attorney with 35 years of experience, provides a further commentary on the importance to a company of protecting its intellectual property.

By David French

In previous posts, we have addressed procedural issues relating to patents. In this post, we wrestle with the fundamental premise: Is it worth what we’re spending in obtaining patents?

“How can we find out whether we’re getting value for all the money that we’re spending on patents within the company?” That was the question that had been posed in my conversation with the chief financial officer of a local business. And it is a question that I’ve heard before. It is a tough question to answer.

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