Company name: Bio ID Security
Industry sector: IT – Software. Highly secure person-to-person email communications (Advanced encryption and biometric authentication).
Why is IP important to you? IP is at the core of the company. It is the fundamental building block of our business and through sustained and careful management of our IP we create protectable products, services and other assets that generate considerable long-term shareholder value.
Does IP underpin your competitive advantage? Most definitely. Whilst much of the core IP is trade secret, based on decades of deep sector-specific knowledge, IP is key to our proprietary, defensible, first-mover market advantage. It would take many millions of investment, at least five man-years of software development and considerable technical and market knowledge to come close to developing a comparable easy-to-use solution to address the highly complex issue of secure global email communications.
Why did you enter the IP League Table? This is an excellent opportunity to showcase our secure person-to-person email products and undergo peer review by industry experts, and at the same time demonstrate to a wider business audience that innovative IP-rich companies do not necessarily need to be focussed on patents in order to be considered asset-rich and well-protected.