The due diligence process involves a systematic examination and evaluation of technology or intellectual property assets to assess their value, risks, and commercial potential. This process typically includes a detailed analysis of legal documentation, market analysis, technical assessments, competitive landscape review, and financial considerations. By conducting thorough due diligence, organizations can make informed decisions regarding technology acquisition, licensing agreements, investments, or partnerships, ensuring that they maximize the value and mitigate potential risks associated with their intellectual property assets.

An innovation audit provides a comprehensive understanding of your intellectual property portfolio and its alignment with your business objectives. It enables you to identify redundant or underutilized IP assets, streamline IP management processes, and optimize costs associated with maintaining and protecting intellectual property rights. By assessing the value and potential of your intellectual assets through an innovation audit, you can strategically allocate resources, focus on high-value assets, and explore opportunities for monetization, licensing, or strategic partnerships to maximize the return on your intellectual property investments.