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Survey Shows that Scottish Companies have Billions of Pounds of Unrealised Potential

Coller IP Management has been appointed by the Intellectual Assets Centre (IA Centre) to help companies throughout Scotland to protect, manage and commercialise their assets. Studies from the IA Centre have shown that, despite the number of businesses asking for advice, there were still many more that were not aware of the value of their intellectual or intangible (IA) assets. The hidden potential in Scottish companies was judged by the IA Centre studies to be worth several billion pounds.

The IA Centre has contracted Coller IP Management to provide advice to a range of organisations on a one-to-one basis and to support a number of workshops and events across all the IA Centre’s areas - Highlands and Islands, North East (Grampian &Tayside), Borders and Dumfries and Galloway, East of Scotland and West of Scotland. The appointment is for a period of 3-4 years.

The IA Centre is the first publicly funded centre in Scotland - and indeed in Europe - to assist businesses in deriving value from their intangible assets. The Centre was established in 2004 to increase understanding of the importance of IA , and was developed in response to demand from businesses for such a service.

Jackie Maguire, CEO commented “We delighted to have won this contract as the only advisors from outside Scotland and we are certain we can make a real difference by helping organisations in Scotland understand exactly what is meant by intellectual assets and their value, and help them protect and commercialise those assets. Intellectual property is the lifeblood of a company. Too many organisations do not realize the value of the assets that they have, or, when they do, how to protect and realize that value. With this initiative, companies in Scotland will be able to do exactly that.”

Coller IP Management’s appointment was warmly welcomed by the IA Centre, whose Marketing & Relationships Manager Alison Butchart confirmed “ It is great to have a company of Coller IP’s stature and expertise on board. They can bring a wealth of experience and skill to our 1-2-1 company support which will be of enormous benefit to client companies and organisations throughout Scotland”.

Notes to Editors

About Coller IP Management

Coller IP Management combines patent attorney and commercial expertise to deliver intellectual property management, evaluation and investment services that unlock the potential of business assets. The company works at all levels within organizations, from start ups to corporates, from the boardroom to technologists and with the investor community.

Clients include the National Physical Laboratory, AEA Technology plc, Compact GTL, DeltaRail Group, East Midlands Development Agency, Durham and Southampton Universities and Ultimate Sports Engineering

Coller IP Management's experienced, inter-disciplinary team includes business, technology and marketing consultants, IP specialists and patent and trade mark attorneys, who work with organizations of all sizes to develop and commercialise innovative ideas to their best possible advantage.

The company's activities extend further than patent and trade mark case management to provide board level strategies, competitor analysis, valuations and clear legal opinions, as well as an Invention House service aimed at giving support and access to funding through venture capitalists and investors.

Coller IP Management's website is at http://www.colleripmanagement.com

Pictures are available on request.

About the IA Centre

The IA Centre is the first to raise the profile of intellectual assets - IA and IA Management - to businesses - irrespective of their size, sector or maturity. As a public sector body, its principal aims are awareness raising, diagnosis of the business needs, both individually and as groups, and signposting for further support; importantly, the Centre also aims to stimulate the development of intellectual asset management professionals to satisfy the demand.

The IA Centre was developed in response to attendees' requests after an IA Conference at Gleneagles in 2001. The 2001 Conference was developed by Targeting Technology Ltd and, despite being run under an entirely new brand and the difficulty of introducing a little-understood topic, the Conference was over-subscribed and follow-up events, 1-2-1 support and tools development were thereafter in constant demand.

This "market intelligence" was supported by initial studies into the unexploited value of IA in Scottish SMEs and a case was made to the Scottish Executive (now Scottish Government) for an umbrella operation to manage IA support and awareness raising activities for the good of Scotland's businesses.

After consultation, the Scottish Executive confirmed assistance for an entirely new body to deliver Scotland-wide. The proposed unique service offering was developed in consultation with leading proponents in the field - both national and internationally - and built on the needs and demands of the Scottish business community as experienced by Targeting Technology Ltd.

Approval was given at the end of 2003 to locate premises, the first Chairman Gordon McConnachie was invited to join and help form the Board, whilst the go-ahead was given for recruitment in 2004, all leading to the IA Centre set up and staffing with informal launch in November 2004.

The IA Centre website is at http://www.ia-centre.org.uk


Reader contact:-

Jackie Maguire
CEO
Coller IP Management
Fugro House
Hithercroft Road
Wallingford
OXON
OX10 9RB

Tel +44 (0)870 402 1616
Email: jackie.maguire@colleripmanagement.com


Editor contact:-

Claire Moran
The Forge Public Relations
Tel: 0208 994 7668
Email: claire@theforgepr.com


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