Manufacturing and engineering companies are being urged exploit the untapped value in their intellectual property to avoid losing money on lost designs, systems and patents, and create new revenues.
Global trade in IP licenses in 2014 was worth more than £220bn – 1.6% of global trade and rising. Each year millions of pounds in IPR – intellectual property rights – are being neglected by the UK’s engineering sector, because companies don’t understand them and the IP within their designs and…
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