The UK’s first fully comprehensive industry event dedicated to Patents as Financial Assets, Patent Portfolio Management and Investment in Innovation and New Technology will take place in London in October.

Senior decision makers from a host of advanced international industries all heavily reliant on patents and intellectual property will meet to discuss how to make the most of their value at the London Patent Summit.

The event (www.londonpatentsummit.com) at the London Stock Exchange over two days October 8 and 9, is aimed at senior figures from the fields of medicine, telecoms, pharmaceuticals and IT along with venture capitalists, fund managers, banks and those seeking to take maximum commercial advantage from IP.

It will examine best practices and solutions to enhance national, regional and global patent management strategies and commercialisation opportunities.

The event will feature speakers from across IT and bio science industries, Whitehall and Westminster, law and academia. It aims to present the best of UK and European innovation and become the annual meeting platform for regulators, companies, patent owners, patent experts, innovators and IPR academia, as well as leading investors to discuss key priorities and practical solutions for patent departments and further advancement in technology and manufacturing.

Headliners will include Stephen Pattison, VP, ARM Holdings Plc; Carmen Aquerreta, Partner, Deloitte; Hermann Hauser CBE, Director, Amadeus Capital Partners; Anna Floyer-Lea, Senior Policy Advisor, HM Treasury; Chi Onwurah MP, Shadow Minister for Business, Innovation and Skills; Rt. Hon. Sir Robin Jacob, UCL; Richard Vary, Head of European Litigation, Nokia UK; Fabrice Mattei, Partner, Rouse; Peter Elliott, Head of Patents, Unilever; Andrew Watson, CEO, IP Value Added.

Patent intensive industries are in the centre of global innovation and sustainable economic development. UK businesses invest over £65 billion each year in Intellectual Property. More than 80% of the market value of many blue chip companies is credited to intangible assets like intellectual property and patents. Many SMEs find their only real value may be in the intellectual property they own.

Such industries contribute more than 4.2% of the UK’s GDP and employ 3.72% of the total UK work force.

“It is so important for companies to understand and be able to realise the value of the intellectual property they hold in patents,” said Roger Shashoua, Chairman of IPR Connections, the organisation behind the event, which itself has more than 40 years' experience in the IP sector.

“The diversity of portfolio management techniques used today is immense, but as practice shows the complexity of external drivers – such as the current economic crisis, legal systems’ vast differences and market restrictions - can have a devastating effect on companies’ patent portfolios, with more and more falling to realise their value.”

The summit will contain an in-depth update on new policies, government regulations and laws affecting Patent Stakeholders, the UK Patent Box, EU Unified Patent Legislation and will include updates on China and Russia.

It will discuss new revenue models for leveraging patents as true financial assets and examine best practices in patent management, valuation, maintenance and monetisation.