Oxford based ISIS Innovation has launched the IP Boost for SMEs
PUBLISHED: 16:46 24 September 2013 | UPDATED: 16:46 24 September 2013
ISIS Innovation has launched the Isis SME Smart IP Scheme (SSIPS), offering SMEs greater flexibility and reduced business risk when accessing Intellectual Property (IP) originating from Oxford University.
SMEs will now benefit from an additional option for selected Isis IP projects allowing them to enter into a two-stage licence that recognises separate development and exploitation activities.
In the first stage, SMEs can enter into the development licence with Isis to apply their R&D resources and development expertise to turn a scientific technology into a new product design and specification.
Once the new product specification exists, the second stage gives the SME three options: to make and market the product internally, to out-license the designs and IP to a suitable manufacturing and marketing company, or to pass the designs to Isis for them to identify and engage the marketing organisation.
Dr Will Barton, Head of Manufacturing at the Technology Strategy Board, said, “The TSB recognises that small and medium-sized enterprises with high growth potential will be a major source of the UK’s future economic growth. We are committed to supporting innovation in this sector, and are delighted that Isis is making it even easier for SME’s to get a head start through more attractive access to Oxford University’s IP, and through the assistance they are giving to help SME’s access our grants and the new government tax benefits like patent box and enhanced R&D Tax Credits.”