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Intellectual property

Intellectual Property is a collection of legal rights that provide control over the availability and use of skills, creativity, resources and technology and gives the owner or his licensee a competitive advantage. To the contrary of what is generally believed, IP is not limited to patent applications. There are many other IP rights, protecting different types of creations.

Overview of Intellectual Property rights

Legal rights What for? How?
Patents New inventions Application and examination
Copyright © Original creative or artistic forms Exists automatically
Trade marks ™/® Distinctive identification of products or services Use and/or registration
Registered designs External appearance Registration
Trade secrets Valuable information not known to the public Reasonable efforts to keep secret

 

Since IP can be one of the sources of your competitive advantage, it should not be overlooked. It is essential to protect your IP, but also to optimize the exploitation of these rights by others.  However, the process of protecting your IP right is time and resource consuming. Therefore, lifetech.brussels can support you trough this process. We can :

  • give you a first overview on the aspects you should be  aware of if you want to consolidate this competitive advantage based on IP
  • bring you in contact with of experts who belong to our network
  • help you identify sources of funding to finance your IP.

For instance, the Brussels Capital Region supports you in the protection of your IP

Furthermore, Belgium has a particularly favorable tax regime for companies active in Research and Development activities and protecting their intellectual property.

Other resources on the topic :

Funding

Different sources of funding to develop your lifetech project are available in the Brussels Capital Region. The first step is to identify what you need to finance. The source of funding to finance a new office may not be the same as the type of financing required to finance an Research & Development project.  In parallel, you should also try to well estimate your financing needs. We strongly advise you to make a complete financial plan based on sound assumptions.

You would like to discuss you financial plan with one of our experts? Plan a meeting here.

Once  your needs are defined, there are different funding possibilities.

You will find an first overview of these below.

Moreover, our experts  can help you identify the possibilities that are most appropriated to your project's phase and topic.

Specific funding for lifetech projects:
Starting your project/risk capital or loan: Caring entrepreneurship fund

Research funding or starting your project by developing new diagnosis and prevention tools against cancer: Fondation Fournier Majoie

Additional useful link: www.ecosubsibru.be

You know other sources of funding that could be relevant for our members? Do not hesitate to contact us (lien vers contact).

[1] The list is not exhaustive, for more information, please contact one of our experts.

Business and Financial planning

Developing a business and a financial plan are essentials steps in the creation of your projects. It will help you negotiating with external financiers, bankers, venture capitalists or with the administration. Therefore, it is important that these phase is not to be treated as one of the many administrative steps. A business plan typically includes detailed information about the organization or team attempting to reach the goals. A financial plan contents all relevant financial information about your project.

These documents are not static and they evolve along with your project. Therefore, it is very important to update them every time a decision is made that might impact the organization of your project.

If  you have no clue on how to begin, here are some links that might help you start:

- A word of explanation about the business plan (FR/NL)

-  On our partner website, you will find a complete template for your financial and business plans with all explanations.