From launch, LiNa’s management knew they had valuable IP and knowhow – but they recognised that they needed professional advice on how best to protect their IP and knowledge-based intangibles and how to implement a long-term IP strategy to drive growth.
On the TDAP program, LiNa used Inngot’s Goldseam online tool to identify and catalogue both its registered IP rights and its intangible ‘know-how’, and the Appraise tool which highlights potential risks revealed by analysing the Goldseam IP profile and delivers a ‘check list’ of issues and potential solutions.
LiNa then commissioned a bespoke IP audit from Inngot’s team.
Alenka Zeme, Manager of IP and Grant-Funded Projects at LiNa, says “IP is extremely important to us. As a research company, we don’t make products – yet – so our IP is our only asset.”
Alenka observes: “We use Inngot’s IP audit a lot. It showed us a number of weaknesses – we had no IP strategy, no trade secrets register – we didn’t even have a trade mark for LiNa. Since getting inngot’s audit, we have filed for a trade mark, we have implemented a trade secrets register and policy, we’ve created an IP strategy, and I have been appointed IP manager for the company. Inngot gave us professional advice and training to do all that.”
Mark Boland, LiNa’s company secretary, adds that LiNa is aiming for a Series A fundraising in the fourth quarter of 2022 or the first quarter of 2023 – “we’ll be looking to file another four patents by then. At that point, we’ll be looking to get a valuation of our IP and intangibles.”