Se ha denunciado esta presentación.
Introduced by<br />
The WealthWheel<br />R&D Tax credits – claiming your share<br />
Why do we get tax relief?<br />Research and Development linked to GDP.<br />Governments recognise the need to incentivise ...
The two programs.<br /><ul><li>SME scheme </li></ul><100m Euros and <500 employees.<br />75%, 100% & 125% enhancement in e...
Tax computation without R&D<br />Sales			£5000k<br />Direct costs		£3000k<br />GM				£2000k<br />Overheads		£1100k<br />un...
Tax computation without R&D<br />Sales			£150m<br />Direct costs		£100m<br />GM				£50m<br />Overheads		£40m<br />unidenti...
Claim period.<br />
In what types of companies?<br />Bakery<br />Jam maker<br />Clothing manufacturer<br />Drinks manufacturer<br />Packaging ...
Where is the Disconnect?<br />
Who are our people?<br />
How would we find R&D?<br />
The Jumpstart track record.<br />Have completed over 2100 claims.<br />Have a 98.6% record.<br />Largest single applicant ...
How to claim.<br />
Why?<br />Low investment in time.<br />Changes the culture of thinking.<br />PR benefits of doing R&D.<br />No win, no fee...
Jumpstart output<br />Significant injection of funds into your business<br />Recognition of innovation<br />Validation of ...
HGF Presentation<br />Intellectual Property:<br />Release its potential<br />Douglas Drysdale<br />
HGF & The Wealth Wheel<br /><ul><li>JUMPSTART, technical analysis identifies</li></ul>INNOVATIONS suitable for R&D Tax Cre...
IP Analysis Overview <br /><ul><li>Explore IP potentialof R&D – what can we protect?
Provide IP protection strategy to protect innovations
Deliver IP Rights(business assets) covering commercial products, processes and other valuable aspects relating to innovati...
Most relevant IP Rights will likely be Patents
But there may be others – brands, designs, confidential info etc.
IP Rights = Intangible  Business Asset
What is protectable ?</li></li></ul><li>IP Rights for Innovations<br />What can you register IP rights for ? <br />The way...
Business Value of IP Rights<br />Defensive<br />To ensure product monopoly or protect market position<br /> Return on inve...
 To collaborate with others – e.g. licensing opportunity
To provide a business asset
 Mark your turf</li></li></ul><li>IP Analysis andIP Protection Strategy<br />IP Analysis starts by looking at all relevant...
Identifies protectable IP Rights within the innovation
IP Strategy takes a “whole business” approach
Explores where business is and where you want to go
Puts current innovation in context of big picture
Are there 3rd party relevant to your business ?
Can provide competitor intelligence overview
Always tailored to your needs - not “one size fits all” </li></li></ul><li>IP Rights – Patents<br />Why do patents exist, ...
You may be blocked by another patent</li></ul>HOW – Must be PATENTABLE– invention must be:<br /><ul><li>Novel
Inventive
Capable of industrial application
Not excluded subject matter</li></li></ul><li>How Do I Get a Patent ?<br />Technical analysis at Jumpstart identifies an i...
Drafting and Filing a Patent Application<br />Communication with the innovator is essential<br />Patent Attorneys are scie...
     	HGF working within the Wealth Wheel<br />Briefed Jumpstart TAs so they are aware of IP issues<br />Get us involved a...
HGF – What Else Can We Offer ?<br />Opinion Work: Freedom to Operate<br />Competitor Awareness & IP Landscape Mapping<br /...
HOW does HGF add value ?<br />Converting innovative R&D into IP Rights<br />Enables innovator to protect or enhance their ...
SUMMARY<br /><ul><li>Overview of IP analysis and different IP Rights
Outlined benefits of IP strategy to business
Demonstrated how to convert innovations into Business Assets</li></ul>Metis Partners - Business Asset leverage<br />
METIS Presentation<br />Ken Green<br />
Metis Partners – Who we are..<br />Operational<br />Marketing<br />Bill<br />Gemmell<br />Julia<br />Gray<br />Luisa<br />...
Metis Partners – What we do..<br />Brokerage<br />  - Monetise IP assets (purchase, sale & licence deals etc.)<br />Dilige...
Where do you find IP?<br />
Intellectual Property<br />
Know-how & Trade Secrets<br />
R&D and Innovation<br />
Customer relationships<br />
39<br />© Metis Partners 2010<br />Brand & Reputation<br />
..in 10 areas of IP Asset value<br />
For companies with non-core IP<br />...acquired through M&A<br />
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Wealth wheel (3)

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Presentation from July 2011
Inverness, Aberdeen, Dundee

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Wealth wheel (3)

  1. 1. Introduced by<br />
  2. 2. The WealthWheel<br />R&D Tax credits – claiming your share<br />
  3. 3. Why do we get tax relief?<br />Research and Development linked to GDP.<br />Governments recognise the need to incentivise companies to undertake R&D.<br />Introduced into the UK in 2000.<br />Started in Canada in 1986.<br />Is in 42 countries around the world.<br />Recently extended in the budget.<br />
  4. 4. The two programs.<br /><ul><li>SME scheme </li></ul><100m Euros and <500 employees.<br />75%, 100% & 125% enhancement in eligible expenditure.<br />Can claim for two prior years.<br /><ul><li>Large company scheme</li></ul>>100m Euros or >500 employees.<br />30% enhancement in eligible expenditure.<br />Can claim for two prior years.<br />
  5. 5. Tax computation without R&D<br />Sales £5000k<br />Direct costs £3000k<br />GM £2000k<br />Overheads £1100k<br />unidentified R&D £400k<br />Net profit £500k<br />Taxable net profit £500k<br />Tax (at 20%) £100k<br />Cash position after tax £400k<br />Tax computation with R&D<br />Sales £5000k<br />Direct costs £3000k<br />GM £2000k<br />Overheads £1100k<br />Eligible R&D £800k<br />Net profit £500k<br />Taxable net profit £100k<br />Tax (at 20%) £20k<br />Cash position after tax£480k<br />£80k improvement per annum<br />How Does it Work foran SME?<br />
  6. 6. Tax computation without R&D<br />Sales £150m<br />Direct costs £100m<br />GM £50m<br />Overheads £40m<br />unidentified R&D £4m<br />Net profit £6m<br />Taxable net profit £6m<br />Tax (at 26%) £1.56m<br />Cash position after tax £4.44m<br />Tax computation with R&D<br />Sales £150m<br />Direct costs £100m<br />GM £50m<br />Overheads £40m<br />Eligible R&D £5.2m<br />Net profit £6m<br />Taxable net profit £4.8m<br />Tax (at 26%) £1.25m<br />Cash position after tax£4.75m<br />£310k improvement per annum<br />How Does it Work for aLarge Company?<br />
  7. 7. Claim period.<br />
  8. 8. In what types of companies?<br />Bakery<br />Jam maker<br />Clothing manufacturer<br />Drinks manufacturer<br />Packaging Co<br />Printing Co<br />Food processor<br />Soap manufacturer<br />Mechanical Engineering<br />IT components & products<br />Biomedical devices<br />Software & Games<br />Environmental -Waste<br />Bioscience <br />Applied Mathematics<br />
  9. 9. Where is the Disconnect?<br />
  10. 10.
  11. 11. Who are our people?<br />
  12. 12. How would we find R&D?<br />
  13. 13. The Jumpstart track record.<br />Have completed over 2100 claims.<br />Have a 98.6% record.<br />Largest single applicant in the UK.<br />Employ technical staff usually PhD.<br />Work with every size of company from 10 employees to 6000.<br />Achieve an average of 3.9 times what a purely financial submission will achieve.<br />Collaborative approach.<br />
  14. 14. How to claim.<br />
  15. 15. Why?<br />Low investment in time.<br />Changes the culture of thinking.<br />PR benefits of doing R&D.<br />No win, no fee cost<br />Cash within 3 months of submission.<br />End up with a robust and auditable process.<br />
  16. 16. Jumpstart output<br />Significant injection of funds into your business<br />Recognition of innovation<br />Validation of this by HMRC<br />Prompting the question - Should you protect?<br />Further exploration on what else is of value<br />
  17. 17. HGF Presentation<br />Intellectual Property:<br />Release its potential<br />Douglas Drysdale<br />
  18. 18. HGF & The Wealth Wheel<br /><ul><li>JUMPSTART, technical analysis identifies</li></ul>INNOVATIONS suitable for R&D Tax Credit<br /><ul><li>HGF,IP analysis identifies & protects IP for</li></ul>INNOVATIONS to give BUSINESS ASSETS<br /><ul><li>METIS, commercial analysis identifies effective</li></ul> BUSINESS ASSET LEVERAGING strategies<br />
  19. 19. IP Analysis Overview <br /><ul><li>Explore IP potentialof R&D – what can we protect?
  20. 20. Provide IP protection strategy to protect innovations
  21. 21. Deliver IP Rights(business assets) covering commercial products, processes and other valuable aspects relating to innovations</li></li></ul><li>Explore IP Potentialof Innovations <br /><ul><li>For innovations having R&D Tax credit potential
  22. 22. Most relevant IP Rights will likely be Patents
  23. 23. But there may be others – brands, designs, confidential info etc.
  24. 24. IP Rights = Intangible Business Asset
  25. 25. What is protectable ?</li></li></ul><li>IP Rights for Innovations<br />What can you register IP rights for ? <br />The way it works PATENTS<br />What you call it TRADE MARKS<br />What it looks like REGISTERED DESIGNS<br />You can also have IP rights in…<br />Creative works (OLDMA) COPYRIGHT<br />Trade secrets CONFIDENTIALITY<br />Data DATABASE RIGHTS<br />Semiconductor topographies, etc……<br />
  26. 26. Business Value of IP Rights<br />Defensive<br />To ensure product monopoly or protect market position<br /> Return on investment in R&D, creativity, etc.<br /> To protect goodwill and reputation<br />Strategic<br /><ul><li> Credibility to business model/make you investible
  27. 27. To collaborate with others – e.g. licensing opportunity
  28. 28. To provide a business asset
  29. 29. Mark your turf</li></li></ul><li>IP Analysis andIP Protection Strategy<br />IP Analysis starts by looking at all relevant R&D output<br /><ul><li>This can be the output from the Jumpstart process
  30. 30. Identifies protectable IP Rights within the innovation
  31. 31. IP Strategy takes a “whole business” approach
  32. 32. Explores where business is and where you want to go
  33. 33. Puts current innovation in context of big picture
  34. 34. Are there 3rd party relevant to your business ?
  35. 35. Can provide competitor intelligence overview
  36. 36. Always tailored to your needs - not “one size fits all” </li></li></ul><li>IP Rights – Patents<br />Why do patents exist, what can you do with them, how do I get one ?<br />WHY - Encourage INNOVATION – full disclosure of an invention in exchange for a time limited monopoly (20 years)<br /><ul><li>Bargain with the state – share inventive knowledge for a monopoly</li></ul>WHAT – Stop OTHERS – ‘negative right’ to stop others working invention<br /><ul><li>Not a right to work your invention
  37. 37. You may be blocked by another patent</li></ul>HOW – Must be PATENTABLE– invention must be:<br /><ul><li>Novel
  38. 38. Inventive
  39. 39. Capable of industrial application
  40. 40. Not excluded subject matter</li></li></ul><li>How Do I Get a Patent ?<br />Technical analysis at Jumpstart identifies an improved product or process<br />HGF’s IP analysis – understands fundamental aspects of the innovation<br /> - WHAT is “new / different” about it ? <br />- HOW does it work ?<br />- WHY is this better ?<br />- WHERE does this fit into commercial plans ?<br /><ul><li>HGF’s IP analysis – focuses on SCOPE of INVENTION</li></ul>- WHICH features are essential to deliver improvement ?<br />- CAN a competitor work around ?<br />HGF’s IP analysis – delivers assessment of potential patentability<br />- NOVELTY – which aspects of product X are not known ?<br />- INVENTIVE – what is technical contribution of aspects ?<br />- Industrial Applicability<br /> Then we move to a Patent Application<br />
  41. 41. Drafting and Filing a Patent Application<br />Communication with the innovator is essential<br />Patent Attorneys are scientist or engineers with professional qualifications in patent law<br />
  42. 42. HGF working within the Wealth Wheel<br />Briefed Jumpstart TAs so they are aware of IP issues<br />Get us involved at any stage of your development – the earlier the better<br />Freefirst meeting with the client to discuss options <br />Available for quick chats & ‘off-the-cuff’ advice<br />We can cover all technology areas<br />Trying to identify all potential IP assets and understand what works for your business<br />
  43. 43. HGF – What Else Can We Offer ?<br />Opinion Work: Freedom to Operate<br />Competitor Awareness & IP Landscape Mapping<br />Potential Conflict Resolution Strategies<br />Unique Business Model – Patent Attorneys and IP specialist lawyers<br />‘Patent Box’ – HMRC scheme profit attributable to patents taxed at 10%<br />
  44. 44. HOW does HGF add value ?<br />Converting innovative R&D into IP Rights<br />Enables innovator to protect or enhance their commercial position<br />Provides valuable business assets that can be leveraged<br />Assessing your commercial needs<br /> to deliver “fit for purpose” IP Rights in line with business objectives<br /> - to deliver tailored IP Strategies relevant to your business<br />Feedback continuum – HGF can feedback information to Jumpstart and Metis<br />
  45. 45. SUMMARY<br /><ul><li>Overview of IP analysis and different IP Rights
  46. 46. Outlined benefits of IP strategy to business
  47. 47. Demonstrated how to convert innovations into Business Assets</li></ul>Metis Partners - Business Asset leverage<br />
  48. 48. METIS Presentation<br />Ken Green<br />
  49. 49. Metis Partners – Who we are..<br />Operational<br />Marketing<br />Bill<br />Gemmell<br />Julia<br />Gray<br />Luisa<br />Robertson<br />Technical<br />Victoria<br />Watson<br />Darran<br />Gardner<br />Stephen Robertson<br />Nat Baldwin<br />Joanne<br />Smith<br />Caroline Sincock<br />Ken <br />Green<br />Marketing<br />Financial<br />Professional<br />Analytical<br />Intellectual<br />Technical<br />Commercial<br />
  50. 50. Metis Partners – What we do..<br />Brokerage<br /> - Monetise IP assets (purchase, sale & licence deals etc.)<br />Diligence<br /> - Commercial IP and M&A<br />Advisory<br /> - IA strategy & leverage /debt restructuring /exit<br />Valuation<br /> - Patents, brands, software & other IA<br />We are NOT patent agents nor IP lawyers – we fill a gap between them & help them generate fees from “active” clients.<br />
  51. 51. Where do you find IP?<br />
  52. 52. Intellectual Property<br />
  53. 53. Know-how & Trade Secrets<br />
  54. 54. R&D and Innovation<br />
  55. 55. Customer relationships<br />
  56. 56. 39<br />© Metis Partners 2010<br />Brand & Reputation<br />
  57. 57. ..in 10 areas of IP Asset value<br />
  58. 58. For companies with non-core IP<br />...acquired through M&A<br />
  59. 59. Know-how<br />Software<br />Trade Marks<br />Patents<br />Old Brands<br />..or just unused and forgotten<br />
  60. 60. We can generate cash<br />...for non-balance sheet assets.<br />
  61. 61. What have we monetised..<br /><ul><li>Software systems (source code)
  62. 62. Process (manufacturing) specs
  63. 63. Know-how (+ / negative)
  64. 64. Technical specifications
  65. 65. Trade secrets</li></ul>Brands – always undervalued!<br />Patents<br />UK & EC trade marks/ designs<br />Domain names<br />Customer databases<br />Software products<br />
  66. 66. For companies unable to commercialise their IP.. <br />
  67. 67. ..perhaps the business model <br />isn’t right..<br />
  68. 68. ...or <br />BIG Co. is in the way.<br />
  69. 69. We can find strategic partners<br />and negotiate licensing deals.<br />
  70. 70. For companies looking to raise new funds.. <br />
  71. 71. IP Valuation distraction...<br />We all see things differently...<br />50<br />
  72. 72. We can... provide <br />new security<br />for lenders...<br />
  73. 73. Banks keen to <br />understand<br />how<br />IP Assets<br />link to revenue & cashflow..<br />
  74. 74. ..and how much the company relies on them.<br />
  75. 75. We can use a...<br />IP Co.<br />Special Purpose Vehicle<br />
  76. 76. Companies begin to..<br />IP Co.<br />Op Co.<br />Royalty<br />Licence<br />Sales<br />leverage IP under new structures<br />
  77. 77. Lending against intangibles..<br />Recent examples:<br />Red Spider Technologies – £2m against usual Bond & Floating charge plus IPR<br />Touch Bionics - £2m against usual Bond & Floating charge plus IPR<br />Cascade Technologies - £2.5m against usual Bond & Floating charge plus IPR<br />
  78. 78. What have clients used IP Assets for?<br />Launch new products e.g. Print Co<br />Roadmap improvements in business performance & revenues e.g. Rubber Co <br />To analyse drivers of value in the business & refine business strategy - eg Software Co<br />Create new barriers to entry for competitors e.g. UPVC Co <br />
  79. 79. THANK YOU<br />www.jumpstartuk.co.uk<br />0131 240 2900<br />www.hgf.com<br />0131 229 5800<br />www.metispartners.co.uk<br />0141 353 3011<br />

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