LAMOND ip CONSULTING

From idea to asset, it's about more than just filing patents.
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The lifecycle approach looks deep into your business to craft strategy & action.

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DUE DILIGENCE ACTIVITIES

It’s important to understand your IP portfolio, its strengths and opportunities and, of course, any weaknesses. This is especially true when preparing for investment rounds or the like.

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IP Audits are a first step in understanding the relationship between your IP portfolio and your business. This first step in defining and measuring what you have is a powerful metric in lean management of your resources.

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We can also explore patent valuation, to estimate the financial value of your portfolio. I've provided clients with initial reports on patent valuation and liaised with specialist providers in the field to provide deliver reports used for due diligence projects.

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At  this stage we can beginning plotting a practical and well-rounded patent strategy, analysing projects and business objectives to roadmap the best way forward for your organisation.

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FREEDOM-TO-OPERATE (FTO)

The process of determining if there are any third party IP rights that may inhibit your planned activities: I have carried this out for clients as part of the due diligence process when launching new products, and also when acquiring or commissioning new products from third parties. I assess if there any risks to commercial exploitation, and any third party IP that may pose a threat.

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SEARCHING

I can produce detailed reports on risks and opportunities using sophisticated patent databases to assess patentability, or to build a patent landscape showing patent activity in a topic. This can be crucial to assessing potential risks and opportunities in your technology. I have additional access to specialist expertise in these areas to help you assemble a definitive picture your technologies’ IP landscape.

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I’ve used these techniques to identify and develop opportunities in a number of technologies such electric motors, medical devices, autonomous driving, and 5G technologies.

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INFRINGEMENT & VALIDITY

Another branch of the due diligence process. I have saved clients over £4M in predicted losses due to avoidable IP issues by FTO and analysing --and solving--IP problems. I’ve devised solutions to design around existing IP so a business can avoid potential pitfalls of third party IP. I have fended off non-practising entities (or “patent trolls”) that attempted to assert their IP.

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INVENTION MINING

I’ve run successful invention mining campaigns across Europe, identifying potential inventions in R&D programs, and everyday business innovations, generating programs to develop initial ideas into patentable assets for clients. In one workshop we identified over thirty separate project topics in clean technology that eventually lead to ten inventions to be pursued for filing patents.

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INVENTION EVALUATION

After mining your technologies for patentable inventions it becomes an urgent question to decide what to file. Quantity is not necessarily better. And sometimes patents are not the only way forward, and care must be taken to watch over trade secrets and other avenues to protect your assets.

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The key to a high quality patent portfolio begins with ensuring high quality patent applications that strategically align with your business strategy. This all begins with gathering invention data, and evaluating in a way that supports and augments your business. I have designed evaluation systems that directly align with organisation requirements with metrics to help you keep track of your quality patent portfolio. Quality is defined by many different potential metrics, some that are more significant for your business than others, and can change from product to product, and my system ensures that the best, most relevant patents are filed so that you have a cost effective patent portfolio.

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PATENT MAPPING

It’s critical to understand how your IP relates to your business--its products and services. Are you spending money and resources on IP that isn’t used? Or do you have critical products and services that you only think are covered, but in fact aren’t? understand the threats and opportunities.

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​​​PATENT BOX: TAXING ISSUES

In the UK and other countries you can bolster profits by claiming tax relief on patents products and methods. Interested I knowing more about the government tax scheme? I’ve netted over £30M in savings for clients using this scheme. The tax regime has changed but still offers savings of up to 50% on your taxable profits. Key to this achievement was understanding the business, the legislation behind the patent box tax regime, and patent mapping to ensure maximum coverage. Smooth integration with accounts, marketing and other functions was crucial to success.