Intellectual Property (IP) Professionals Consider Implementing Defensive Patent Strategies the Greatest Challenge

LONDON, July 11, 2012 /PRNewswire/ -- Legal IQ recently conducted a survey on patent portfolio management among over 600 IP and patent professionals, which was designed to identify the key drivers and challenges projected for 2013.

Companies are Striving to Implement Defensive Patent Strategies

Implementing defensive patent strategies is by far the biggest problem identified by companies which took part in the survey, with a 66.7% majority pinpointing this as their greatest challenge. The survey also revealed cutting costs from portfolios to be a significant problem, for 26.7% of companies.

The US and Asia are the Focus for Expanding Patent Strategies 

The US is identified as the most important geographic region for patent strategies in 2013, pinpointed by a 40.0% the legal professionals, which is followed by Asia (33.3%) and Europe (20%). South America was only on the radar as a future hot spot for 6.7% of the companies which participated in the survey.

Other key findings of the survey include:

• Company reputation and product image fuel the patenting process
• Cost and company bureaucracy are the biggest inhibitors to patenting
• Pharmaceuticals and Software Patenting Face Significant Change by 2014

Please click here for the full survey report.

This survey was conducted in preparation for Legal iQ's 6th Annual Global Patent Congress.

For more information on the agenda and speaker line-up, please download the programme here. Alternatively, please visit http://www.patentcongress.com/News.

If you are interested in attending the conference, please register online, contact us at +44-207-036-1300 or email enquire@iqpc.co.uk.

About IQPC
IQPC provides business executives around the world with tailored practical conferences, large scale events, topical seminars and in-house training programs, keeping them up-to-date with industry trends, technological developments and the regulatory landscape. IQPC produces more than 1,500 events annually around the world, and continues to grow. IQPC leverages a global research base of best practices to produce an unrivalled portfolio of conferences. http://www.iqpc.com 

Media contact: JJ Xue Han, +44-(0)20-7368-9300, jj.xuehan@iqpc.co.uk.

Press are invited to attend this important industry forum, if you would like to a complimentary press pass please email JJ Xue Han at jj.xuehan@iqpc.co.uk.