How can IP be integrated into the business planning process?
Writing a plan requires good preparation. Before drafting your business plan, you need to think over a number of issues. You should understand what is the nature of your business; what resources would be required to meet your business’ objectives; what are your target markets; what is the viability and growth potential of the business, etc. Also, you should identify the commercial relevance of IP assets, whether owned by you or to which you have authorized access, and the resources needed for obtaining and maintaining these assets. The outline presented below lists some key points relating to IP that you need to consider while preparing your business plan. The importance of different points will depend on your particular situation and business. Further, the list is not exhaustive, and many additional issues may have to be considered depending on your circumstances. However, the answers to these questions may help you to integrate IP assets into your business planning process.
