YOUR IP OPPORTUNITY AUDIT

A practical 1st step before bigger decisions

What you get:

We start with a 30-minute scoping session, and this sets the priorities for your project. The biggest decision in this session is if your audit will be macro (site-wide across all opportunitites) or micro (drilling down into one single identified opportunity).

We run a structured workshop for you and your key personnel, by Zoom or in person (expenses may be incurred) to identify the prolems, the solutions, the pricing/costing/sourcing, the path to market and the value potential.

I use the recorded data from this workshop to conduct desktop market opportunity research, to validate demand, and provide the decision criteria you need to consider before activating, shelving, ignoring or selling the opportunities. 

I then prepare a structured report for you and present this is another 30-minute session, with a PDF copy of the IP Opportunity Audit report, for you. 

Valuable IP is often overlooked inside the business

Many businesses are sitting on ideas, know-how, systems, improvements, and innovations that may have far more commercial value than anyone has yet assessed. In some cases, the opportunity is obvious but has never been reviewed properly. In others, the value is hidden inside

• a process improvement
• a technical method
• a product variation
• internal know-how
• a cost-saving solution
• a capability that could be licensed, partnered, or scaled

The problem is rarely a complete lack of potential. More often, it is a lack of structured commercial review.

Without that review, valuable IP can remain idle for years while opportunities pass, competitors move, and timing advantages disappear.

Delay has a cost

When commercially useful IP sits idle, the cost is not always visible at first. But over time, the consequences can be significant. The longer an opportunity sits unassessed:

• the longer income is delayed
• the more likely market timing is lost
• the easier it is for someone else to solve the same problem differently
• and the harder it becomes to regain momentum

Most businesses do not need to rush blindly. But they do need a practical way to decide whether an opportunity is worth pursuing before more time is lost. That is exactly what this audit is designed to do.

A practical first step before bigger decisions

The IP Opportunity Audit is a focused commercial review designed to help you answer one important question on lost opportunities within your operations. This is not a long consulting engagement. It is not a technical feasibility study. And it is not a generic workshop. It is a structured commercial assessment to help you understand whether the opportunity may have real market value, where the likely leverage sits, what commercial pathways may exist, and what sensible next steps should be considered.

The audit may help reveal hidden licensing opportunities, possible strategic partner pathways, distribution or channel-fit opportunities, product or process IP with market relevance, underused technical know-how, whether the opportunity is commercially promising, premature, or misdirected and/or what next steps are likely to create the best momentum. Sometimes the most valuable opportunities are not new. They are simply unexamined.

This is for Organisations that…

• believe they may be sitting on underused intellectual property
• have developed a product, process, system, method, or capability with possible wider value
• want an external commercialisation perspective
• need clarity before spending more money
• want a low-risk way to assess commercial potential
• are unsure whether to license, partner, build, fund, or hold

This is especially useful where the opportunity looks promising, but the pathway is still unclear.

This procedure is not a patent attorney service, a formal valuation, a full technical due diligence report, or a grant application service. It is also not a long consulting engagement, or a promise that every idea should move forward

It is a practical commercial review to help you make a more informed decision. That clarity alone can save considerable time, money, and distraction.

Experience grounded in commercialisation

Daniel O’Connor has spent decades helping inventors, innovators, and organisations assess and commercialise intellectual property.

His work has focused on helping clients move beyond the invention itself and toward practical commercial outcomes such as:

• licensing
• strategic partnerships
• distribution arrangements
• early-stage funding
• and other income-generating pathways

The IP Opportunity Audit brings that experience into a focused, accessible first-step offer for organisations. This entire process is set up to be commercially focused, practical, low risk, and action-oriented.

Frequently asked questions

Who is this for?
This audit is designed for Organisations that may be sitting on underused IP, know-how, innovations, process improvements, or product opportunities and want a practical commercial view before committing further resources.

Can this be done by Zoom?
Yes. The audit can be delivered either in person or by Zoom.

Is this a patent review?
No. This is a commercial opportunity review, not a legal opinion or patent attorney service.

Will I receive a written report?
Yes. The audit includes a concise written report based on the interview and research process.

What happens after the audit?
You will have a clearer view of whether the opportunity appears commercially worthwhile and what next steps may be appropriate.

What if the opportunity is not ready?
That can still be a useful outcome. In some cases, knowing not to overinvest yet is just as valuable as knowing when to proceed.

If your business may be sitting on an underused innovation, process, method, product improvement, or capability with commercial potential, the IP Opportunity Audit offers a practical and low-risk place to start.

Commercial clarity now may save you far more than the cost of waiting.