Why IP matters
You can’t sell what you don’t own. Intellectual property (IP) rights help you demonstrate ownership of what you create.
As innovators and researchers, protecting your IP is the right thing for you, your organization and Ontario / Canada as a whole.
“Intangible assets – such as intellectual property and data – have a direct impact on wealth and power at both the company level and nationally.”
— Intellectual Property Ontario Expert Panel Report
In today’s global market, IP is vital for business owners and innovators aiming to grow and stay ahead of the competition.
According to Statistics Canada’s latest IP survey, more than half of businesses that own IP credit it with improving their success in some way.
How IP drives success
The most cited benefits of IP are:
Increased value via competitive advantages, reputation and goodwill
Increased revenues
Strengthened long-term business prospects
Expanded markets
IP and data are the world’s most valuable business and national security assets.
This is best evidenced in the steady change of the S&P 500 over the last four decades, as seen in the Expert Panel’s Report: Intellectual Property in Ontario’s Innovation Ecosystem. As of 2019, more than 91% of the S&P 500’s combined $22 trillion value comes from intangible assets. When navigating the knowledge economy, effectively managing IP is crucial for staying competitive and driving economic growth.
However, there's a significant gap in Ontario and across Canada. Only a small percentage of small and medium-sized enterprises (SMEs) seek information or guidance on IP each year. This means many businesses aren't fully leveraging their innovations, which limits their growth potential.
The economic power of IP
The role of Intellectual Property Ontario (IPON)
How IPON supports your innovation journey
Whether you’re just starting out or looking to optimize your existing IP, IPON is here to support you every step of the way.
Access IPON’s services and supports to:
Maximize the value of IP
Strengthen growth capacity
Enhance market competitiveness
Improve research and commercialization outcomes
Take the next step with IPON. Don’t let your innovation go unprotected or undervalued.
Apply now to access services and supports to help harness the full potential of your IP.
Enter: Intellectual Property Ontario (IPON)—Ontario’s touchpoint for all things IP. IPON is mandated to help close this gap and drive economic growth through effective IP management.
IPON provides businesses with the support they need to protect and leverage their IP, which can lead to more jobs and more opportunities for the people of Ontario.
