Client needs vary. Developing an IP strategy goes through seven (7) stages:
- Awareness of ownership of a creation in art, science, and technology;
- Belief in the role and value of the creation;
- Clarification of the business specific creation;
- Determination of what creations should be protected;
- Execution of strategies to monetize your creation;
- Finding potential value your creation has in markets; and,
- Generation of business and financial strategies to maximize returns.