A fund of nearly half a million pounds is being unveiled to help convert brilliant West Midland ideas into viable commercial businesses.
Birmingham chartered patent and trade mark firm Withers & Rogers has joined forces with Advantage West Midlands and Coventry University Enterprises to establish a new intellectual property forum in the West Midlands.
The launch will take place next Tuesday at the Technocentre at CUE.
The aims of the initiative are to increase awareness of the benefits of IP for the West Midlands and to assist a limited number of companies to commercialise their projects.
Karl Barnfather, partner at Withers & Rogers in Birmingham and chairman of the IP Forum Steering Group, said: "We are delighted to be launching this much-needed initiative and grateful to AWM for providing this significant sum to fund the project.
"The West Midlands is known for its innovation and by protecting this creativity through the use of intellectual property across the region we can encourage more inward investment and further growth in the economy.
"The support of CUE and AWM has been crucial to our ability to create a forum that will widely benefit innovators and entrepreneurs throughout the West Midlands.
"The forum will be open to an array of companies, not just those within the IP community. For example, design companies, lawyers and account-ants are all involved with the development and promotion of new ideas and have a key role to play."