Intellectual property describes an intangible asset class that is increasingly important in driving innovation, commercial value, and corporate competitiveness. Intellectual property can refer to patents, trademarks, copyright, trade secrets, designs, data, know how and more. Today, over 80% of the value of the S&P 500 is based on these intangible assets.
An intellectual property strategy will mean different things to businesses, academic entities, non-profits and governments in each context. But virtually every organization generates or uses at least some form(s) of intellectual property. When organizations work together to create, share, and use intellectual property, they also need a sound intellectual property strategy for the collaboration.