In our complex, switched on, and technology rich world, ideas and innovations develop faster than ever. Naturally, the extent of IP rights needed by companies to design and sell a product, or even a service, has significantly increased. Some have used the term “IP thicket” to highlight the difficulties of obtaining, or even identifying, truly relevant IP rights.
The diverse range of specialized skills that the team at Vectis has enables us to work with IP owners to simplify access for implementers of IP to the rights they really need.
The current hostility towards IPs and IP based licensing models does not help to solve these difficulties. Rather, it poses a real threat to hindering future innovation and has the potential to seriously decrease the extent of investments in future innovation, since investor decisions on whether to financially backup R&D is driven by return on investment.
The real issues that need to be confronted are the lack of clarity, the fragmentation, and the too often absence of transparency in the IP industry. At Vectis we strive to restore the trust in the IP system by working with the relevant parties to successfully address those issues, while promoting a balanced innovation ecosystem from which the economy can flourish.