- Tekcapital, an international provider of technology and IP services, has formed a new strategic partnership with Blick Rothenberg, an independent firm of London chartered accountants, and Cleveland, a firm of intellectual property experts.

Tekcapital is entering into this partnership to provide a solution to help UK companies benefit from the Patent Box tax law.

The Patent Box came into effect on 1 April 2013 and was a tax relief that enabled companies to apply a lower rate of corporation tax on profits earned from patented inventions.

The UK joined eight other countries with its adoption of the Patent Box law and this move has increased interest in IP given the potential for companies to benefit from increased innovation and profits.

Tekcapital, along with partners Blick Rothenberg and Cleveland, aim to capitalise on the immediate and significant opportunity to provide a comprehensive turnkey solution to help U.K. corporates benefit from Patent Box law.

Under the strategic partnership agreement, Tekcapital 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.

At 8:11am: [LON:TEK] Tekcapital Plc Ord 0.004 share price was 0p at 25.5p

Story provided by