knowledge assets can have considerable value and impact beyond their original purpose and exploiting this is part of good asset management. While relatively few of these assets will be suitable for deployment in these wider contexts, particularly where they are commercial, it is challenging to identify these at an early stage.

departments routinely generating inventive ideas and IP may benefit from a more formal financial reward scheme.It is therefore a useful type of activity to consider when looking at how an organisation’s knowledge assets are generated.

In addition, movement between organisations within the public sector can help build and share skills as well as deepen networks across government. There is a natural and understandable instinct among public servants to share their good ideas so that others can benefit from them. If you were to use the IP without a necessary licence, you would infringe that IP and potentially be liable to pay damages or repay the profits made from its use. B outlined in this chapter provides a simple model, which may help you in factoring in who will have rights/ownership to the IP generated. A as an illustration, which may be proportionate where knowledge assets play a significant role in an organisation.This should consider what people may be needed to oversee the implementation of the strategy, as well as other potential costs, for example the cost associated with formal protection measures or with the initial phases of development of high potential opportunities. In addition, market comparators, which can often provide a useful benchmark for valuation, are often more difficult to identify. In addition, an early consideration of the knowledge assets that a project will generate can allow an organisation to understand at an early phase the potential wider applications. It is appropriate for all kinds of asset likely to give rise to a patent application, as well as assets involving individual or otherwise sensitive information.

It is worth considering, as part of a knowledge asset management strategy, how to incentivise individuals to support effective knowledge asset management. Chapters 4, 5 and 6 also provide more detail on the good practice involved in identifying, protecting and exploiting an organisation’s knowledge assets.The default licence for most Crown copyright and Crown database rights information is the Open Government Licence ( OGL). organisations may find that information about IP rights is kept in a variety of forms using existing systems. The guidance provided in this document is intended to advise and support those organisations in their management of their knowledge assets and, in turn, fulfil their responsibilities as set out in MPM.

But it is helpful to understand the individual asset types, as many legal frameworks, in particular, use and protection rights, can vary between assets. When an invention disclosure or other generated work is received, it is recorded as an opportunity on a database.Note that under the Model Services Contract, IP rights ownership in specially written software will reside in the Crown. It can also provide an opportunity to consider whether the organisation already holds or has access to existing knowledge assets that could be leveraged or repurposed in a way that delivered greater value for money than creating a new asset. While this provides the most accurate assessment of value, it is hard to calculate, as it is hard to forecast future revenue streams. She's been arrested with her brother, Hans, after they were seen distributing leaflets at their university. Knowledge assets, including a range of IP rights, are often a significant feature in such procurements, particularly when they are tackling unique challenges.