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SUPPORT FOR INNGOT

Strong innovative and competitive businesses are vital for the growth of the Welsh economy. Support from the Assembly Government will enable Inngot to develop and grow, while the services they offer are designed to identify and promote new business opportunities for other companies, which is particularly relevant in the current economic climate."
Ieuan Wyn Jones
Deputy First Minister, Minister for the Economy and Transport
wales.gov.uk

WHAT ARE INTELLECTUAL ASSETS ANYWAY?

Read our guide - or find out more at the businesslink.gov.uk website.
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Giving a lift to Welsh innovators

Inngot's pilot exercise supported by the Welsh Assembly Government has helped to identify and value a wide range of intellectual assets being developed by enterprising businesses. Wales is at the centre of the UK information industry, hosting crucial systems such as the Intellectual Property Office (Newport), Companies House (Cardiff) and the Driver & Vehicle Licensing Agency (Swansea).
With our head office at Technium Digital in Swansea, and past and present funding from the Welsh Assembly and Finance Wales, Inngot has an important part to play in helping other businesses based in Wales to make the most of their innovative capabilities.
Thanks to the recent Welsh Assembly initiative, the Inngot directory now includes a number of fascinating Welsh businesses with specialist knowledge and capabilities that span a wide variety of sectors – from environmental technologies to household goods.
Symltech was one of the enterprises put in touch with Inngot by the Welsh Assembly Government. Symltech provides "Glimpse", a software system designed to manage resources and automate billing in service-based industries. Director Nick Beckett describes their situation as follows:
"Before we were introduced to the Inngot system we would struggle to explain to investors and other interested parties how our intellectual property was structured and valued. Having followed the very simple on-line steps we now have a document that clearly sets out the various elements of our IP and independently values it. We believe that the company will find Inngot very useful in securing funding and investment for future growth."