IP-rich companies have until 23 March to join the IP100, the UK’s first Intellectual Property (IP) League Table compiled by BQ in association with Metis Partners.
The IP100 publishes a league table, which profiles and ranks IP-rich companies that have significantly invested in their IP in the form of IP creation, IP management policies, R&D activities and IP commercialisation.
The IP100 ranking is based upon the assessment of five IP asset classes – Brand & Reputation, Patents, Critical Databases, Software, and Trade Secrets. Top ranking IP100 companies from the 2017 league table were successful in raising finance and securing investment:
Stephen Robertson of Metis Partners said: “Managing IP and recognising it as a critical business asset is increasingly common amongst SMEs. Both lenders and investors recognise the significance of IP in underpinning a robust and scalable business model, as was evident from the successful fundraisings of our IP100 companies including P2i, M Squared, Sphere Fluidics and many more.”
Bryan Hoare, commercial director of BQ, said: "Intellectual property underlines the competitive strategies of most businesses whether by protecting existing market share, creating new barriers to entry, improving access to new markets or boosting the exit valuation of the business."
Graeme Malcolm, CEO at M Squared added: “IP100 has created a great measuring stick for IP-intensive businesses. Companies and investors aspire to invest in IP-rich high growth companies but there has been no external measure of this, until IP100.
"As a deep science business, being No 1 on the IP100 in 2017 allowed M Squared to demonstrate our position within the UK Innovation ecosystem and gives recognition of the scale and strategic richness of our IP creation and commercialisation activities.”
The IP100 is expanding and is forecasting 250 entrants by the end of 2018. Stephen Robertson said, “We are eagerly anticipating the next wave of entrants. By entering the IP100, businesses are sending out a clear message to lenders, investors, partners and potential acquirers that they are successfully commercialising their IP to maximise financial returns and protect or expand market share. The market is now recognising the critical role that key IP assets play in securing competitive advantage.”
The IP100 continues to be backed by important sponsors; Clydesdale and Yorkshire Bank, for the third consecutive year, are now joined by peer-to-peer lending firm, Archover, and patent attorneys, Haseltine Lake. A high-profile IP100 Awards Dinner will be hosted in 2018 to celebrate the achievements of the IP100 entrants.