IP issues are increasingly central to key policy decisions. We live in a world where businesses invest one-third more in 'soft' intangibles than they do in 'hard' tangibles; where over 80% of listed company value is no longer attributable to physical assets on the balance sheet; where between 30-40% of business sale values are routinely attributed to identifiable intangibles (before considering goodwill); and where IP licensing incomes in growth economies are rising by $billions per annum (sources: Imperial College/IPO, Ocean Tomo, Deloitte/KPMG, World Bank).
The Inngot team has a solid understanding of these issues and offers experience gained in a number of high profile and influential projects, some of which are featured below. If you are looking for a reliable research partner to investigate IP policy matters - look no further.
Hidden Value (UK IPO, 2017) investigates why comparatively few companies routinely examine the financial value of their intellectual property and intangible assets market. The 140 pp report is co-authored by Inngot CEO Martin Brassell and Dr Jackie Maguire of Firm Advantage, formerly CEO of Coller IP Management.
The report investigates the structure of the market, the drivers for IP valuation, the barriers to more efficient functioning, and potential solutions to overcome them. In the process, it estimates the extent of IP valuation activity in the UK, the approaches used, and the question of competition. It concludes that there is room for further education and additional incentives, including more focus on lending and investment, and sets out the need for dialogue between agencies, accounting and industry bodies on ways to introduce voluntary IP statements.
Banking on IP? (UK IPO, 2013) investigates the role of IP in facilitating business finance. The 224 pp report is co-authored by Inngot CEO Martin Brassell and Kelvin King of Valuation Consulting.
At its publication, Business Secretary Vince Cable commented: "Too often, through risk aversion or banks' conservative lending practices linked to property as security, IP is not catered for by traditional bank lending. Intellectual Property is too important an asset to be undervalued by banks who are the main source of finance. That is why I commissioned a report to explore how we can improve SMEs' access to capital. We will look carefully at its recommendations in order to better support this country's creators and IP-rich businesses."
Intangibles, Intellectual Property and Integrated Reporting (ACCA, 2015) ) documents a pilot study of Malaysian small and medium sized enterprises establishing their capacity to identify investment in innovation. The report is co-authored by Inngot CEO Martin Brassell and Dr Benjamin Reid of Nesta, the UK's innovation charity. Watch a video of the launch event explaining the scope and findings of this work here.A follow-on report documenting the findings of a larger study of UK businesses is currently in preparation.
Penalty Fair? (UK IPO, 2015) is a study of the criminal sanctions available under the Copyright, Designs and Patents Act 1988, focusing especially on the different regimes applicable to online and physical infringement. The report is co-authored by Martin Brassell and Dr Ian Goodyer, both of Inngot. This report formed the basis for a consultation exercise on amending UK copyright law.
Inngot co-founder Professor Iwan Davies has published a number of articles and books on secured financing. One of the key articles to understand the basis on which IP can be used as security for financing is set out in his 2006 paper for the Oxford Journal of Legal Studies, Secured Financing of Intellectual Property Assets and the Reform of English Personal Property Security Law (Volume 26, Issue 3, pp 559-583).
Inngot CEO Martin Brassell co-authored a work for Oxford University Press, published in Spring 2016. Economic Approaches to Intellectual Property was written jointly with Dr Nicola Searle of Goldsmiths College, formerly a member of the UK Intellectual Property Office's economics team, and investigates the effect IP has on markets and society.