The Intellectual Property (IP) market is highly fragmented and severely commoditized space with new players emerging and trying to gain dominance. Unlike the western markets, India is slowly awakening to the relevance of IPRs and given the rapid innovation cycle, any effort channeled into protecting intellectual property seems fruitful. Protecting a company’s intellectual property has its own advantages in the long run, although acquiring and protecting an IP right is tedious and expensive.
Being prompt to sense the need of proffering quality services to companies to leverage and protect their IP rights at cost effective prices, Amit Aggarwal along with Amit Goel established Effectual Services in 2010 offering patent support solutions to Fortune 500 companies and 100 AM law firms, research institutes and universities, venture capital firms and PEs. “Our main aim is to assist large corporates, inventors, new-age startups and entrepreneurs to discover the inherent value and revenue potential associated with their IP assets. We specialize in providing tailored IP support solutions in the domains of Alternative Energy, Automotive and Aerospace, Biomedical, Biotechnology and Pharmaceuticals, Chemical and Materials, Information Technology, Electrical and Computer, Life Sciences, Telecommunications”, explains Amit Aggarwal, Co-founder & Director, Effectual Services Pvt Ltd.
Adding Value to Client’s Business
Highlighting their organization’s sphere of work, Amit further explains how Effectual helps corporations and universities to manage and monetize their patent portfolio through time
tested solutions and cost-effective services based on their business requirements. With in-depth industry knowledge, superior IP expertise, innovative business processes, and state-of-the-art technology, the company has been highly successful in helping clients to not only protect their intellectual property but also to identify white spaces and attain competitive advantage.
With a client-focused approach, team Effectual leaves no stone unturned to put forward a wide variety of comprehensive patent searches across patent and non-patent literature to verify the novelty of the invention, invalidate the claims of a patent or identify patents that relate to the features of a product. “We offer administrative support services as patent filing assistance, patent proofreading, patent docketing - services directed manage patent related documents and communications, on behalf of the client, with the various patent offices,” he further adds.
The unique philosophy of Effectual has enabled them to achieve milestones and deliver effective business solutions while developing indigenous tools and analytical software to analyze bulk of patent data. The company follows a three-level QC process and standard operating procedures to deliver superior quality services in a quick turnaround time.
Marking its growth at a phenomenal rate, Effectual has been awarded by Deloitte for two consecutive years as fastest growing companies in India and Asia pacific. The company has also been awarded by Red Herring Top 100 Asia Award 2014, amongst others.
To fuel the next phase of growth, team Effectual has plans to increase their workforce to more than 100 employees and set up offices in the US. “Currently, we have delivery centres in the US and Germany and are planning to start our operations in more countries. We have a healthy pipeline of clients across the globe and will keep evolving our patent support portfolio and capabilities based on client feedback,” concludes Amit Goel, co-founder and Director, Effectual Knowledge Services.