Startling, isn't it? More such facts at the Piperpat IP Audit Checklist
"50% of EU companies have no strategy for managing their IP rights beyond mere filing or renewal payments"
Rationalization of the costs for management of an IP department and generation of revenues to self-sustain the IP department have become imperatives for CxO level leaders in global corporations. This blog will cover the two tools available to these leaders: 1. Achieving sustainable cost savings by outsourcing, especially to offshore locations, of administrative functions and 2. Smarter management of patent portfolios, saving costs where possible and generation of revenues through monetization