Amazon started as online book store and has grown to be the worlds largest online retailer.
Amazon IP Accelerator launches in the UK and EU
Today, Amazon launched their Intellectual Property Accelerator (Amazon IP Accelerator) in France, Germany, Italy, Spain, Netherlands and the United Kingdom, making it easier and more cost effective for small and medium-sized businesses (SMBs) to obtain trademarks, protect their brands and tackle counterfeit goods.
Coincidently, also today the European Commission are expected to publish their IP Action plan which is expected to focus on the need for ‘EU innovators have access to fast, effective and affordable protection tools’. However Amazon aren’t reacting to the EU, the Amazon IP Accelerator was launched in the United States in 2019. Since launch, Amazon has connected SMBs with participating IP law firms, resulting in 6,000 trademark applications submitted to the US Patent and Trademark Office.
Trusted IP law firms at competitive rates
The Amazon programme, which is available to any brand selling in its stores, connects entrepreneurs directly with a curated network of European law firms with expertise in IP rights. Participating law firms will charge fees to SMBs at competitive, pre-negotiated rates, giving sellers confidence and clarity about how much obtaining a trademark will cost them. In addition, SMBs can also seek general IP advice from these law firms as their brands and businesses grow.
Amazon does not charge businesses to use IP Accelerator – SMBs only pay their law firm directly for the work performed at pre-negotiated rates. Businesses interested in IP Accelerator can get started here.
Law firms that are interested in participating in the programme should contact IPAcceleratorWaitList@amazon.com.
Amazon IP Accelerator for small businesses
Amazon launched IP Accelerator specifically with small business owners in mind. Larger businesses are four times more likely than SMBs to register their Intellectual Property (IP) rights. The main reason small business entrepreneurs do not protect their rights is because of a lack of knowledge about IP and not knowing where to turn. The process can be complicated, particularly for entrepreneurs in the early stages of setting up a business, and Amazon wanted to provide low cost assistance to all European SMBs, including the over 150,000 European-based SMBs selling on Amazon. Selling partners continue to account for more than 50% of products Amazon sells in its online stores.
IP rights are vital for businesses wanting to stop unauthorized parties from using their brands or copying their ideas. Owning IP can also create new sources of revenue should entrepreneurs wish to license their goods or services to third parties.
Faster access to brand protections with IP Accelerator
Businesses using IP Accelerator will also get access to Amazon’s wider brand protection services months or even years before their trademark registration is officially issued. Amazon’s Brand Registry provides SMBs with powerful tools that help them manage and protect their brand and IP rights in Amazon stores. Brand Registry is a free service and more than 350,000 brands are already enrolled. Participants benefit from Amazon’s automated protections that use information about brands to proactively remove suspected infringing or inaccurate content. Brands are also able to find and report suspected infringement through more powerful tools and can gain greater influence over product information displayed on Amazon’s product detail pages so customers can make confident, informed purchasing decisions on Amazon.
“We know from our conversations with small business owners that there is often confusion about why IP rights are important and how sellers can secure them. As part of our broader commitment to supporting small businesses, we have set up IP Accelerator to make the IP registration process as easy and as affordable as possible for entrepreneurs in the early days of their businesses.”
– Francois Saugier, Vice President for EU Seller Services, Amazon
“Great ideas are the core of every good business. Turning those ideas into a reality relies on IP. Understanding, protecting and getting the most out of your IP is a crucial ingredient of success. A good IP strategy should sit at the heart of every good business plan.”
– Pippa Hall, Director of Innovation and Chief Economist, UK Intellectual Property Office
Selected IP law firms
Amazon has selected participating IP law firms based on their experience, expertise, and customer service. They will support SMBs with all aspects of the trademark filing process, such as researching a brand to see if anyone else is already using it and providing tailored advice on trademark applications. Over one hundred trademark experts across Europe have signed up to the programme.
“We are excited to be involved in this programme. It is great that Amazon is placing such an emphasis on IP protection and respecting the rights of brand owners. IP Accelerator elevates the importance of IP and pushes smaller companies to do the right thing: obtaining and respecting IP rights.”
– Julius Stobbs, Founder, Stobbs IP, UK