What is the Value of Your Organisation's Intellectual Property (IP) And Does it Need Protecting?

The 19th century British novelist, James Payne said:customer-specific solutions that suffer from several
"A man with an invention on which he has spent hislimitations.
life, but has no means to get it developed for theRobots can lose accuracy because of the distortion
good of humanity, or even patented for himself,and expansion of their joints due to temperature and
must feel the pinch of poverty very acutely." Hisstiffness related effects. Absolute Robotics has set
words still ring true today.out to address these problems by developing a
For a manufacturing or engineering business in today'smethod that measures those changes in-line, in real
economy, protecting and commercialising designs andtime and with great accuracy. At the core of the
inventions is just as important as having a good ideasystem is a new measurement device that uses laser
in the first place. It does not depend on whether thebeams and imaging sensors to locate the position and
economy is doing well or badly, but in a downturnorientation of two systems of axes relative to one
when business is hard to come by, the last thing youanother.
want is someone stealing your branding, ideas andThis concept can be used to calibrate robots in line
the future revenues that go with them.under their actual working conditions, over their entire
This principle is now starting to be understood moreworking envelope and without interference with the
widely than it has been. IP registration is growingrobot's tools or its productivity cycle. It is also a
massively, the number of patents is doubling eachgeneral solution because it is not robot or application
decade. Manufacturing is moving to emergingspecific. Any robot can be calibrated in absolute
economies where IP is key to value generation andspace without modification and robots can be
economic growth, and developing countries are nownetworked to each other and also to their work
recognising the importance of IP. Eighty percent ofobjects in absolute space too. Moreover, the concept
company value is now said to be held in intangibleallows in-line manufacturing to be integrated with
assets.in-line quality assurance to achieve zero scrap
Intellectual property and intellectual capital are oftencondition. Each robot becomes in essence a
misunderstood. All too often organisations file amanufacturing as well as a quality assurance tool,
patent application and think that that is all they needchecking the quality of its own performance in-line, to
to do. When intellectual property is mentioned, peopleensure no mistakes are made.
usually think of filing patents, and registeringAbsolute Robotics realised that it was necessary to
trademarks and designs. But it is not just aboutensure that the intellectual property of such an
patents and other formal IP such as trademarks,invention would be fully protected right from the
designs and copyright. A company's value is containedbeginning. The company contacted Coller IP
in its wider intellectual capital, where know-how,Management (CIPM), a company that helps
branding, skills, policies and processes all have a roleorganisations understand the value of their intellectual
to play.property and to protect and manage it effectively.
The value of IP protectionCIPM has prepared and applied for the required
The need to protect IP applies to both new andpatent applications on behalf of Absolute Robotics. It
well-established companies. Absolute Robotics is anhas also helped the company to evaluate the search
example of an organisation that has recently seenreports on the inventions to enable the distinctive
the value of IP protection. It was set up three yearsand innovative features to be identified.
ago in Bedfordshire to develop a concept thatAbsolute Robotics is currently presenting the concept
upgrades standard industrial robots to make themto interested parties and it is being evaluated by a
suitable for advanced manufacturing and aerospacenumber of organisations. The next step for the
applications.company is to form a partnership with appropriate
Standard industrial robots are widely used in therelevant businesses and create a working prototype.
manufacturing industry, automotive in particular.IP protection plan
However, according to Absolute Robotics, theIn summary, whatever the size of your company
aircraft industry, among other types of business, hasand whatever stage it is at, it is vital to understand
found it difficult to use robots in the constructionthe value of your intellectual capital and have a plan
process or for advanced manufacturing because ofto protect it. Companies, and individuals, pour their
their lack of capability for absolute accuracy,flair, imagination, money and time into new inventions.
networking, large volume in-line manufacturing andIt is well worth putting a little time, money and effort
inspection. Previous attempts to overcome theseinto ensuring that they, rather than a competitor,
problems have usually resulted in expensive,reap the rewards.