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Tips for SME
1. Increase your revenues
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IP ownership is a powerful instrument to raise your bargaining power to your customers or business partners.
For instance, a single patent could open doors to a number of financing chances. Your company could earn additional revenues either through direct sales or through fees and from a licensee or franchising agreement.
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2. Create your market locally and internationally
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Your registered IP could help you to differentiate your products or services and make them easily recognizable. Patent is an international recognition. Your patented products are a good selling point to promote your products or services to your local distributors or foreign partners. It could also help your company to build a positive and quality guarantee image. Therefore, it is a way of increasing your company market value and improving future profitability.
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