Strategic alliance to streamline R&D announced

Global intellectual property analytics company, PatSnap, and a technology consulting and IP research firm that works with R&D companies, GreyB, have entered into a strategic partnership to streamline research and development (R&D) globally.

The partnership combines a vast intellectual property (IP) dataset from PatSnap with GreyB’s ability to perform sophisticated and human research investigations. It will allow customers access to a complementary and comprehensive range of information, expertise and services for the support of innovation strategies.

Deepak Syal, cofounder and director at GreyB, said: “PatSnap has brought the insights of global IP data to research teams across the world, and at GreyB we are delighted to announce our alliance with PatSnap, which will enable access to intelligent patent data and strengthen our commitment to customers — improving data driven decision for R&D and patents.”

Despite increased investment in R&D over the years, productivity has declined and in the current economic landscape, companies are, more than ever, looking to ensure investments are made intelligently.

“Research and development has been experiencing huge productivity challenges over the last 30 years,” added Ray Chohan, VP, Corporate Strategy at PatSnap. “With GreyB’s outstanding reputation in the field of IP research, we are thrilled to share the common goal of streamlining the process of idea conception to commercialisation, and bringing a 360 degree oversight into the innovation landscape to our customers.”