Patent Landscape Analysis: Don’t Plan Without it
Research and development (R&D) is usually key to the growth of small and mid-sized enterprises (SMEs). Often, the SME has one or more niche products out in the market, with others in the pipeline. However, poor strategic planning of future R&D activities – or worse, none at all – often leads to the demise of SMEs. This can be mitigated, if not avoided, by the use a valuable, but underused tool: the patent landscape analysis (PLA).