Today, Ocean Tomo, LLC, the intellectual capital merchant banc™ firm, joins forces with intellectual property leaders across the globe to celebrate World Intellectual Property Day. Members of our firm will participate in several World IP Day events and will share their experience via the Ocean Tomo Insights blog later this week.
Small and medium sized enterprises (SMEs) comprise ninety percent of global businesses and employ approximately fifty percent of the global workforce. World Intellectual Property Day highlights the critical role of SMEs in the global economy and emphasizes the importance of strong intellectual property (IP) protection. Powered by innovation and creativity, SMEs develop new solutions to both old and new problems. Creative minds of engineers, scientists, researchers, designers, and artists improve our lives through innovation. IP protection, by its nature, gives creative people the protection needed to continue to innovate thereby building more competitive and resilient businesses. When facing mergers and acquisitions, IP protection and accurate valuation are as important for SMEs as they are for large corporations. SMEs are integral to the global economy and this special day sheds light on the increasingly critical role of intangible asset protection in the global marketplace.