8th Apr 2014 09:13
LONDON (Alliance News) - Tekcapital PLC Tuesday said it has formed a strategic partnership with chartered accountancy firm Blick Rothenberg and intellectual property experts Cleveland, just days after the intellectual property company began trading on AIM.
In a statement, Tekcapital said the partnership will aim to help UK companies benefit from the Patent Box tax law, which came into effect at the start of April 2013.
Under UK law, the Patent Box enables companies that profit from exploiting patented inventions to apply a lower rate of corporation tax to profits earned after April 1, 2013.
Under the strategic partnership agreement, Tekcapital said it will assist its clients by enabling them to effectively source and acquire relevant external patent rights to enhance and accelerate their innovative capacity.
Blick Rothenberg will support their clients in analysing the profits arising from patent rights which will benefit from the lower taxes, and Cleveland will help clients in determining the applicability of patents to product/service lines, according to Tekcapital.
Tekcapital began trading on AIM on Friday after raising GBP2.0 million gross in its initial public offering.
Tekcapital was founded in Oxford, England, and has a goal of helping clients to profit from university-developed intellectual property.
Tekcapital shares were Tuesday quoted 25.00 pence, down 2.0%.
By Samuel Agini; [email protected]; @samuelagini
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