The Welsh Government has signed an agreement with the Intellectual Property Office (IPO) to support businesses and help drive greater investment in creativity and innovation.
The Memorandum of Understanding (MOU) recognises the important role that effective intellectual asset and intellectual property (IP) management has in stimulating economic growth.
It sets the foundations for the two organisations to work closer together to provide targeted IP support and guidance for innovative Welsh businesses. This will deliver social and economic benefits for people across Wales.
This agreement forms part of the Welsh Government’s vision to create and nurture a vibrant innovation culture for a stronger, fairer, greener Wales as set out in the Wales Innovates strategy.
Powys business, Stashed Products, which ships smart bike storage solutions to more than 45 countries, is one company that has received Welsh Government support to help strengthen its IP protection and capitalise on new commercial opportunities.
The company received SMART Flexible Innovation Support (SFIS) funding from Welsh Government, and an IP Audit through the IPO via the Welsh Government Innovation team.
For further information please select the following link: IPO agreement to drive innovation forward | Welsh Government News
SMART Flexible Innovation Support (FIS) is open to any organisation wishing to engage in Research, Development and Innovation (RD&I), including the third sector, local authorities and health boards. If you think this is the right support for your organisation, you can get in touch: SMART Flexible Innovation Support (FIS) | Business Wales