Foresight IP Business Strategies
Where careful business planning leads to the strongest IP for your deep tech company.
What is the role of Foresight IP?
Our focus is on helping Seed and Series A deep tech companies' CEOs and CTOs, like you, develop a forward-thinking IP strategy - aligned with your business strategy - that minimises IP risks while protecting innovative features and processes that customers value.So you can:
Better attract capital
Establish critical strategic partnerships
Gain a long-term competitive advantage
In addition, we provide access to patent attorneys and agents and facilitate productive discussions to achieve the desired outcome.
We believe the key to building a strong IP position is approaching the process from a business strategy perspective, instead of a purely legal perspective.Filing a patent application or using trade secrets without understanding the business goals to be achieved by these actions, leads to suboptimal IP and the wastage of precious resources.We believe that by acting as facilitators of IP strategy discussions, the feeling of overwhelm can be overcome, and the resulting IP strategy will protect the company's competitive edge and minimise IP risks far more effectively than if all IP matters are outsourced to a legal firm.
The IMPACT MOAT Framework
Using our IMPACT MOAT framework, we facilitate the design of an IP strategy tailored to the business goals of your company.Through the questions we ask and the guidance we offer, we help you take ownership of your IP strategy so it has the best chance of protecting your competitive edge.Hence, together we will work through the following steps:
Investigate and understand your business goals and vision.
Make sense of the strengths and weaknesses of your existing IP and IP strategy.
Properly understand what drives customer value.
Assist with the design of IP coverage that best protects customer value, is aligned with other key business objectives, and meets your scope, timing, or budget priorities.
Conduct freedom to operate risk minimisation.
Take steps to mitigate other IP risk factors (employees, third party, etc.).
Manage the process to obtain IP coverage.
Outline, design, and implement standard IP policies and processes.
Augment the IP strategy with employee education on IP matters, as well as provide board-level IP guidance.
Take a leadership role in negotiation and due diligence on IP matters in joint-ventures, strategic partnerships, licensing agreements, or M&A.
Of course, depending on your needs, not all steps will necessarily be required.