IP Portfolio Planning is a process by which organizations develop strategies for their IP Portfolios and is key to building strong IP portfolios.

The three main objectives of IP Portfolio Planning are

Determine the most appropriate strategy for each IP asset within the IP portfolio

Determine to maintain or abandon an IP asset within the IP portfolio

Align IP portfolio with business strategy and objectives

There are different types of IP assets including trade secrets, trademarks, copyrights and patents, and choosing the most appropriate strategy is essential in order to build a strong IP portfolio.

Landscape search can be performed during IP Portfolio Planning stage to identify products and technologies that are already in market, thereby understanding where risks and opportunities are, and determine IP portfolio strategy accordingly.

Patent application is a long process, it is important to ascertain that research direction, technology trend, patent application and business objectives are always aligned together.  During patent application stage, examiner may have objections to the patent application and applicant may have to change the scope of patent claims, applicant should review their patent application to see if it still aligns with research direction, technology trend and business objectives.  When the patent is finally granted, the scope of the claims may be different from the scope of the claims when the patent application was first filed.  It is recommended to evaluate the granted patent again to see if it still fits within the IP Portfolio and aligns with business strategy and objectives.

Business model and strategy may change as business environment changes, and IP Portfolio Planning should be conducted to ensure that IP portfolio is align with business strategy and objectives.

IP Portfolio Planning is a dynamic process and should be conducted regularly.  Proper IP Portfolio Planning enables organizations to reduce the cost of maintaining their IP Portfolio and increase the chance of monetizing their IP assets.