IP Wales® is a £4m award winning business support initiative operating out of the Institute of International Shipping & Trade Law. In recognition of our success in raising levels of awareness and understanding of Intellectual Property (IP) within indigenous business, the Director of IP Wales was invited to work for the World Intellectual Property Organisation (WIPO) and achieved National recognition for services to intellectual property and business in Wales with the award of an OBE under the Queen’s Birthday Honours list 2009.
In our first phase of European Union funded operation our mission was to provide Welsh small & medium sized enterprises (SMEs) with the knowledge and financial means to commercialise their intellectual assets. Our aim was to raise levels of awareness and understanding of intellectual assets, allow businesses to make informed commercial choices about protecting these assets, and to help Welsh SMEs sustain and grow their businesses, by integrating an intellectual assets strategy into the heart of their business plan. Since our launch in June 2002, we have provided strategic advice to over 750 clients, helped to capture and protect 205 patents, 60 trade marks and 12 industrial designs around the World and furnished financial support for 25 IP licensing deals.
Our finding is the main ingredients for the success of knowledge based businesses are access to advanced technology & know-how, good management and finance. Our experience is a better management team will make more commercial use of a poorer technology than a poorer management team will make of a better technology and that finance will seek out good management teams. Our focus has therefore become researching the law relating to intellectual assets management & transactions
Caption Picture: Andrew Beale O.B.E. (Director, IP Wales) [right of picture] receives the Judges Special Award from Kenneth Adamo (Partner, Jones Day) at the WORLDleaders European Intellectual Property Awards