Most emerging businesses fail to maintain ownership of Intellectual Property (IP), according to Dr. Geoff Gregson, Associate Professor of Innovation & Entrepreneurship at University of Edinburgh Business School. The keynote speaker at the first event of SLASSCOM’s 2013 Mobile Monday Colombo programme, Dr. Gregson also warned that a “weak approach to IP has proven to [...]

The Sundaytimes Sri Lanka

Most fail to maintain Intellectual Property – mobile expert

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Most emerging businesses fail to maintain ownership of Intellectual Property (IP), according to Dr. Geoff Gregson, Associate Professor of Innovation & Entrepreneurship at University of Edinburgh Business School.
The keynote speaker at the first event of SLASSCOM’s 2013 Mobile Monday Colombo programme, Dr. Gregson also warned that a “weak approach to IP has proven to be disastrous for emerging businesses and entrepreneurs as mistakes will be very costly to rectify down the road”, as per a statement issued by the local IT-BPO body.
Dr. Gregson, who is a Director of Axienta (Pvt) Ltd, a company which has a locally based unit, also commented on issues such as IP licencing and infringement, a part of his wider presentation titled “Commercialising and Protecting your ideas and Intellectual Property: Focusing on the Mobile Application Industry”.
Additionally, he also outlined some IP cases featuring tech industry heavyweights Google and Microsoft, amongst others. These companies have paid billions of dollars to buy patents from enterprises including Motorola Mobility (selling its 17,000+ patents for US$ 12.5 billion), Nortel (6,500+ patents for US$ 4.5 billion) and America Online (800+ patents for US$ 1 billion).
Further, noted in SLASSCOM’s statement; “Mobile Monday (MoMo) Colombo was set up in 2010 as an initiative of the Mobile & Telco [Centre of Excellence] of SLASSCOM.
The MoMo team is geared to take the necessary steps to encourage individuals from within the mobile and telco community to meet on a regular basis, share ideas, network and work as a community platform as is the philosophy of the global Mobile Monday group. MoMo Colombo is strengthened by the membership of industry leaders such as 99x Technologies, Axienta, Dialog, Dinota, hSenid Mobile, Informatics, JKCS, Leapset, Motorola, Sabre, Talliance, Virtusa and Wavenet”.
(JH)




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