ACID Welcomes new SME Measures to Promote Growth

ACID Lobby logoThe Government today announced new measures which aim to help SME’s better protect their intellectual property and grow their businesses. Minister for Intellectual Property Baroness Wilcox said: “The intellectual property of SME businesses is vital to their future economic growth and success. Their innovative ideas and creations can be worth billions of pounds so it is essential that we provide them with the support they need to protect and enforce their rights. The package of measures outlined today will allow the Intellectual Property Office to build even stronger links with businesses, giving them the confidence to trade both in the UK and abroad.”

Dids Macdonald, CEO of ACID added, “This is a really positive step, we have been lobbying for the last decade for improvements in IP support for SME’s and this has paid off. The pace is hotting up with a whole raft of new support mechanisms. This valuable engine of the economy needs real action to replace previously rather empty words!”

ACID has been working with the UKIPO since The Hargreaves Review of Intellectual Property and Growth on their recommendations that the Intellectual Property Office should produce plans to improve the accessibility of the IP system to smaller companies within the design sector. The Government accepted these recommendations and is now in the process of implementing them.

Key actions announced today by the Intellectual Property Office (IPO) include:

  • A new online business advisor training tool
  • An online register of advisors to help businesses find the right advisor for them quickly and easily
  • Consulting businesses, business advisors and IP specialists about how lower cost IP legal and commercial advice can be provided
  • Offering free intellectual property audits to businesses through routes such as the Technology Strategy Board
  • Enhancing existing schemes such as mediation to provide a more efficient dispute resolution service that can prevent potentially costly legal cases

The previous improvements include: A small claims process to be created for cases under £5,000 will be introduced at the Patents County Court for cases involving copyright, trademarks and designs; Launching Ipsum, an online patent service that could save UK business nearly £100,000 per year. It removes the cost to businesses of requesting patent documents; instead they will now be available for free online; Re-running the Fast Forward Competition which encourages Higher Education Institutions (HEIs) and Public Sector Research Establishments (PSREs) to work together with businesses to share research, innovation and intellectual property (IP).  £760,000 is available for winning bids to invest in research and knowledge transfer projects that have the potential to create new companies or services; and Supporting the Technology Strategy Board to develop an IP strategy for the new technology and innovation centres.

View the IPO Press release

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