Innovation Development

Innovation Development is an intellectual property company specialising in patenting and licensing of patented technology.

One of the principal founders of Innovation Development was the patents and licensing manager for Swedish Match, responsible for the licensing of output of the R&D department, which had been working on a diverse range of technologies, from blood testing and diagnosis, to new compounds having a synthetic cooling effect. The technologies were successfully licensed to Procter &Gamble, Unilever, and Sterling Organics.

Since then Innovation has been instrumental in the realisation of a number of significant licensing contracts for its clients, particularly in the oil and gas sector to BP, Weatherford Lamb and Reda / Sclumberger.

In addition to creating value for clients from licensing, usually on a consultancy basis, Innovation has also acquired technologies or signed royalty sharing agreements in oil well technologies, UV sensing and linear motors.

Innovation also comprises a patenting unit under the name of Hillgate Patent Services (www.hgps.co.uk). This unit provides patent drafting, patent and trademark prosecution and general advice on intellectual property matters. In 1994 Innovation acquired Technology International Exchange (TIE) a technology transfer consultancy.

Innovation is also the lead exploitation partner in two European research projects, each worth over €3 million. Epi-spark has recently completed and combined an on-line patents manager with an on-line IPR legal query function (www.bmtech.co.uk/epi-spark/). Wisper (http://www.bmtproject.net/wisper) is a patent search project which provides enhanced searching and interface for SME users.

Innovation’s expertise lies in patenting and licensing of patented technology. Areas of expertise and experience are in consumer and medical products (personal care, fine chemicals, uv detectors, diagnostics), oil and gas technologies, environmental technologies and waste management (specifically organic waste processing), and in information technology.

Future Plans

Innovation and QED have complimentary skills and resources. The acquisition of QED will effectively add to Innovation’s existing licensing activity and the combined group will have greater resources to take on larger IP exploitation tasks.