For intellectual property to become an asset for an enterprise, it should support the business objectives and strategies of that enterprise. Only then will its intellectual property acquire financially measurable value and become an effective revenue earning instrument in the arsenal of the enterprise. For any company trying to grow or enter the market with their own products, having an intellectual property strategy to complement their business strategy, is paramount.
Therefore, Enterprise Estonia is offering businesses the opportunity for conducting a set of intellectual property strategy (IP strategy) diagnostics, to create a business-supporting IP strategy and implement it to the fullest potential.
Creating a new product and entering foreign markets with it can be daunting, even more so if matters of intellectual property aren’t taken into account. Often enough, a company may fail to give due consideration to or even be aware of an aggressive competitor in the target market who will not hesitate to launch its patent portfolio to prevent others from entering the market. Or, on the assumption that the company is developing too rapidly for taking protective measures for their IP, the underlying technology that would keep it at the forefront for many years to come, is left unnoticed and unprotected.
These and many other aspects play an important role in today’s increasingly value-added-centric market that aspiring Estonian exporting enterprises will begin to conquer. The diagnostics service of intellectual property strategy is provided by Enterprise Estonia to help them address these issues.
The services include the following stages:
As a result of the diagnostics, the enterprise will receive a practical and detailed action plan for the creation of their intellectual property strategy, accompanied by proposals to manage the identified risks and exploit discovered opportunities. An Enterprise Estonia intellectual property specialist will support the enterprise in implementing the action plan.
The intellectual property services of Enterprise Estonia are open to entrepreneurs exporting products developed and manufactured in Estonia who want to pursue said activities.
Enterprise Estonia shall not be held responsible for any decisions or actions of the service recipient, or any decrease in their profit, loss of income, loss of profit, non-pecuniary damages, or any other indirect damages.
The service is subject to a fee and the total cost will be calculated on the basis of the hourly rate of the specialist providing the service. The enterprise’s own contribution is 30% of the service cost, the remaining part of the service cost shall be included in the de minimis aid. You can check the balance of the company’s de minimis aid on the website of the Ministry of Finance.
If your company is interested in this service, please contact the Enterprise Estonia intellectual property specialist
Siim Kinnas, M.Sc.Tech
If you already are a customer of Enterprise Estonia, please contact your customer relationship manager.