Shyre was founded back in 2013 by Lee Gough and Dan Hancu after the duo spotted a gap in the market for a business offering a turnkey photochromic coating solution.
The company stumbled across the IP100 whilst attending the Venturefest West Midlands event last month and found the idea of joining a community of IP-rich companies very appealing.
The IP100 is an annual ranking of companies based on a rating of their intellectual property (IP) asset strength and track record in exploiting IP.
The process involves an assessment of IP-specific data linked to the following five IP asset classes: brand, software, patents, trade secrets and critical databases.
The top scoring companies are then published in the Clydesdale and Yorkshire Banks IP100, an annual ranking of businesses which are considered to be the most effective at commercialising their IP assets.
As a company which actively introduces new technologies and processes to market, protecting its IP is pivotal to Shyre. Co-founder Lee Gough, said: “Nobody else does what we do exactly; there is no other company offering a turnkey photochromic coating solution.
“We are excited about doing things that no one else can and we are driven by a desire to innovate and disrupt our industry.
“This desire to innovate means intellectual property is extremely important to us as a business and the IP100 provides us with a great platform to showcase our patented products and services.”
The IP100 is compiled by BQ in association with Metis Partners, an award-winning boutique IP consulting firm.
Stephen Robertson of Metis Partners, added: “The IP100 community has become a hotbed of innovation and has created a community where IP-rich companies can share their experiences and successes in breaking into international markets, fundraising, gaining a valuation for their IP and even securing an exit at generous multiples!”
Does your firm boast trade secrets, unique software, databases or patented products? Are you confident about how to manage, protect, and exploit these assets? Do you know how to use the value of your IP assets to raise money and exit at higher valuations? If so, find out how you could join and benefit from the IP100 here.