Tips for SME
1. Increase your revenues
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.
2. Create your market locally and internationally
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.