Aberdeen based COREX, a provider of specialist services primarily in the analysis of geological samples for the oil and gas industry has appeared on the latest update of the IP League Table.
The IP League Table, sponsored by Clydesdale and Yorkshire Banks, Murgitroyd and Jumpstart, and in association with BE Group and Metis Partners, is based upon the assessment of five IP asset classes – Brand & Reputation, Patents, Critical Databases, Software, and Trade Secrets.
Over 30 new entrants have been added in the last four months, many of whom made it to the top 20, suggesting that some of the larger, more sophisticated and IP-rich companies now see the benefits of entering the IP League Table.
The results also show that the recognition of IP on the balance sheet is one of the features linked to some of the best scoring companies, suggesting that acquired IP assets, as a result of M&A, has encouraged companies to take IP management more seriously.
The IP League Table profiles and ranks innovative companies within the UK’s private sector, highlighting those which have significantly invested in their IP in the form of IP creation, IP management policies, R&D activities and IP commercialisation. Top performing entrants are published in the IP100, an annual ranking of companies that are considered to be the most effective at commercialising their IP assets.
Stephen Robertson, director and founder of Metis Partners, the award-winning IP advisory firm, said: “IP is a vital measure of the strength and viability of a business. The IP100 is providing a barometer of the importance businesses place on IP, and can be used by lenders and investors to judge the robustness and scalability of companies they might invest in.
“Clydesdale and Yorkshire Banks, headline sponsors of the IP League Table, have long recognised the value of IP, and lend to businesses with strong IP assets. We are excited to be able to highlight the advantages that effective IP management can bring to a successful fundraising or exit.
“This was clearly put to good effect by Touch Bionics, an IP-rich Scottish business funded by Clydesdale Bank which was sold for £27.5m earlier this week. This builds on the recent exit of and fundraising of IP100 entrants SwiftKey, eeGeo and Sphere Fluidics.
“The companies taking part in the IP100 will now be able to identify areas for improvement in their IP management and to focus on maximising returns from their IP, thanks to the increase in granularity of detail in the report.