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WHAT ARE INTELLECTUAL ASSETS ANYWAY?

Read our guide - or find out more at the businesslink.gov.uk website.

IS YOUR IP FULLY UTILIZED?

Read our article in The Sunday Times Business First supplement
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Intellectual property and intangible assets have hidden value. Inngot is here to unlock yours.

If your business is knowledge-based, there's a strong chance that your balance sheet only reflects a fraction of its true value. Intellectual property and intangible assets often account for three-quarters of the value of innovative organisations like yours, and Inngot's job is to help you make the most of them.

Intangible assets cover many different things that a company may own. They are much broader than IP rights, and are not simply "goodwill". They include your contractual relationships with customers and suppliers, the trade secrets and proprietary processes you may possess, your licences and franchises, even your brand reputation. The best thing about intangible assets is that they are not "used up" through consumption - in fact, the more you use them, the more valuable they can become.
Amongst your intangible assets, you may own intellectual property (IP) - copyright, which is automatic, and rights you have to register like patents, trademarks and designs. Surveys show that for many organisations, copyright is the most important of all; it safeguards a wide range of assets, from original artistic works, to databases or semiconductor topographies. However, it's generally unregistered and can therefore be difficult for other organisations to find out about.
Inngot offers a unique new approach. It provides a toolset that will define, explain, value and publish the intangible assets and intellectual property that underpin your innovations. By recording all aspects of your know-how and establishing their worth, Inngot enables you to leverage them for fundraising, licensing and collaboration.
You can start by adding your organisation to our innovation directory - our "knowledge bank" - today, at no charge. Become a full member, and you can create detailed innovation profiles, which we showcase, and which you can share with anyone who is interested in doing business with you.
You can also find out the potential value of the intellectual property and other intangible assets that support your innovations by using our Sollomon service, developed with specialist input from leading business advisers Grant Thornton UK LLP.