IP Forum a Fillip for Companies Who Win Pounds 4,500 Grants; INTELLECTUAL PROPERTY
Fillip, the West Midlands Intellectual Property Forum, has awarded 11 companies grants worth pounds 4,500 each.
The winners, who include speed boat designers MakMarine and the inventor of RE:tie, a new reusable security seal for bottles, received the cash after winning the forum's recent IP grant competition.
It will allow them to help protect their intellectual property.
Fillip, based at Coventry University's Technology Park, ran the competition as part of its campaign to help West Midlands' businesses protect their assets and boost the region's economic performance.
"The economy is becoming increasingly knowledge-driven, so protecting IP has never been so important," said Corinne Edwards, Fillip programme manager.
"We chose the 11 winners because IP is crucial to their business success and they had clear ideas about how they would use the money to protect their value-adding intangible assets.
"The funds will help the firms protect their ideas, designs, brands and know-how and then use it to their advantage."
Simon Mcloughlin, managing director of MakMarine, said: "Our new high speed, lightweight, speedboat c-fury uses some novel technology and we are grateful to Fillip for giving us the funding we needed to apply for an international patent.
"IP protection is expensive and we wouldn't have managed it alone but now we can push the product forward and get it onto the leisure market, fulfilling its potential, without worrying about our designs being copied by a bigger firm with more resources."
Peter Martin, inventor of RE:tie and managing director of junkk.com, an environmental information website, believes that without the grant from Fillip, his idea may have been wasted because he didn't have the resources to protect it from imitation.
"RE:tie is an eco-friendly design for the security strip around bottles and jars, so that once removed it can be used again as a cable tie or indeed for anything that needs binding together," he said. …