Thursday 26th January 2017
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Callaghan Innovation, the government agency tasked with accelerating the commercialisation of innovation by local businesses, has appointed a panel of intellectual property specialists in a programme to help firms understand the value of their IP and how they can profit from it.
A panel of 11 parties has been appointed, to whom businesses can turn to for help. The suppliers include law firms AJ Park, Baldwins Intellectual Property, Catalyst Intellectual Property, Ellis Terry, Hudson Gavin Martin, IP Solved, James & Wells, Origin Patent & Trade Mark Attorneys, Potter IP, along with IP protection and commercialisation specialist Innovation Liberation Front and business analysis firm The Bottom Line Expense Reduction.
"Innovation IP is aimed at educating, motivating and providing practical assistance to enable the business to develop a business specific IP strategy and action an implementation plan, enabling the business to maintain and generate further economic value and revenue growth from their IP and IA (intellectual assets)," Callaghan business innovation programmes manager Sara McFall said in an emailed statement.
The tender was open between Oct. 21 and Nov. 23 last year, with the suppliers appointed on Jan. 24, according to the government electronic tender service website. The announcement didn't provide a value on the contracts.
In the 2016 financial year, Callaghan said it "delivered a programme for 126 New Zealand customers, including Māori enterprises, to identify their valuable IP and put in place strategic IP management plans". The programme was extended to capture early-stage businesses that have support from incubators.
Callaghan paid Mainly Consulting about $65,000 and Everedge IP $31,000 to develop the Innovation IP programme in 2015 and 2016, according to the department's written responses to Parliament's education and science select committee.
Of the suppliers in the Innovation IP programme, Callaghan has used service in 2015 and 2016 financial years from AJ Park, Catalyst Intellectual and Potter IP totalling $4,000, $132,000 and $18,300 respectively.
McFall said a review of the Innovation IP pilot prompted Callaghan to split it into two stages. The first helps participating businesses get an understanding of IP, identify their own IP and the environment in which they operate, how to deal with IP specialists, and come up with a specific plan.
The second stage helps a business "access defined services of IP professional support to enable the putting into effect of their IP strategy and implementation plan," she said.
Callaghan approved $154 million of research and development grants in the 2016 financial year, up from $138 million in 2015, although below the $195 million budgeted for.
(BusinessDesk receives assistance from Callaghan Innovation to help cover the commercialisation of innovation.)
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