Overall, the innovation lifecycle impacts business success by enabling businesses to differentiate themselves, create customer value, enter new markets, generate revenue, and adapt to evolving market conditions. Successful innovation lifecycle management requires a strategic approach, effective execution, customer-centricity, and a commitment to ongoing innovation and improvement.
Industries
Industries we serve
Impact of IP
A study by the United States Patent and Trademark Office regarding patents by industry showed that in 2014, intellectual property-focused sectors in the United States directly employed over 23.7 million, contributed over $6.6 trillion in U.S. GDP, and supported an additional 17.6 million jobs.
Bring your innovations to market faster, no matter your industry! Position your research and development team to increase internal efficiency, reduce outsourcing costs, and improve patentability with solutions from IP.com. Rapid innovation requires rapid intelligence. Our world-class Professional Services team speeds up your innovation workflows, completing essential research, analytics, editing, and reporting tasks using industry-leading expertise and our AI-driven solutions.
Users
Patent and innovation software and services are utilized by professionals across many different industries. Whether a corporate team structure, third party service provider, R&D teams, community service provider, or an educational faculty/student team, our services and solutions can fulfill your service needs across all parts of your innovation workflow.
Patent benefits
One of the primary benefits of obtaining a patent is that it enables the inventor to take legal action against individuals or businesses that illegally use your product without your authorization and collect damages. If the patent is even slightly infringed upon, there may be a foundation for an infringement suit in federal court.
Business Strategy
Gain a Competitive Business Advantage
Many companies that perform or fund research and development do so with the intent of creating intellectual property (IP) they can use to gain an advantage in the marketplace. The competitive advantage that IP can give a company is diminished if others can easily copy and use the IP. For this reason, businesses use a variety of strategies to protect their IP.
The importance of IP:
More companies viewed trade secrets as important than any other type of IP protection, with 51.7% of U.S. businesses that performed or funded R&D reporting trade secrets as very important to their company in 2018 and 76.2% reporting them as very or somewhat important
Patent & IP News
Challenges Facing the Future of the Innovation Workflow Process
Despite its value, organizations often struggle to foster innovation consistently and the future of innovation processes and workflows that ensure the success of innovation is ever-changing. Understanding the behaviors that drive innovation, addressing systemic blockers, and empowering people to think, experiment, and collaborate in new ways are key to breaking down these barriers. By rethinking traditional structures and embracing change, organizations can position themselves for a future of continuous discovery and growth.
IQ Ideas+ 3.0: Taking the Guesswork Out of Your Innovation Workflow and Research Process
IQ Ideas+ 3.0 is revolutionizing how companies approach the innovation workflow by providing AI-driven insights that take the guesswork out of evaluating ideas. With its groundbreaking technology, IQ Ideas+ 3.0 enables organizations to confidently assess the novelty of their innovations, strategically prioritize R&D investments, and optimize the research process.
IP.com Launches InnovationQ – The Next Generation of Prior Art Search Technology
IP.com is thrilled to announce the launch of InnovationQ, the next-generation interface for its industry-leading Prior Art Database. InnovationQ is powered by Semantic Gist®, IP.com’s proprietary AI technology, setting a new standard in intellectual property management with fast, accurate, and contextually relevant prior art searches.