In a challenging economic environment it can be a demanding task taking your business to the next stage of growth. With banks these days more reluctant to take risks when it comes to commercial loans you could find it difficult to secure the patent funding you need to position your business for the future. At SH&P, we can use our experience to point you in the right direction for alternative patent funding sources.
Use our Experience to Drive your Business
Finding alternative funding for intellectual property and particularly patents could be the best way to grow your business. A variety of sources of alternative funding are available either for general business growth or specific project or application-related development. Sources include:
• Government bodies including local development funds
• Charitable foundations
• Special interest funds, such as technology or environmental-based funding
• Private investment
In view of the widespread cut-backs in public spending, access to government and charitable funding will become even more difficult and competition for funding is likely to increase, particularly for start-up businesses. This means your business needs to develop a persuasive prospectus demonstrating precisely how the funding will be invested.
Our Patent Attorneys have in the past worked with clients to successfully source the funding needed to enable their businesses to grow. We don’t prepare funding applications or arrange the funding for you but we can call upon our years of experience to help you in a number of ways, such as:
• Identifying potential funding options
• Ensuring that there will be no surprises in the IP due diligence
• Developing a budget for future IP protection to safeguard your business
• Putting you in touch with specialist advisers
Indirect investment by reducing your tax burden is also important. R&D tax credits can be used to assist the financing of product developments and the UK government is currently consulting on the possibility of providing reduced taxation on profits attributable to patent rights. – Find out more about Patent Box.
Get a Head Start
No matter what stage your business is at, you should always have an eye on the future. Most medium-term business plans rely on funding of some type and commercial sources of funding such as banks may be more cautious than you expect. Also the funding situation is likely to become more changeable, with new regulations, government expectations and the economic environment still uncertain and so difficult to plan for. Long term planning and preparation for future investment rounds now could help you to get a head start on the competition and allow you to concentrate on building for the future.
If you would like to find out how we can help you then get in touch with us now.
Stephen J. Wilkinson
- Patents & Technology
- Chemistry & Biosciences