The excitement and buzz of Silicon Valley is unquestionably what makes it the know-how capital of the world, however the peer pressure within the area tends to make many entrepreneurs lose sight of actuality. As more high-tech firms were established across San Jose and the Santa Clara Valley, after which north in the direction of the Bay Area’s two different main cities, San Francisco and Oakland, the term “Silicon Valley” has come to have two definitions: a geographic one, referring to Santa Clara County, and a metonymical one, referring to all high-tech businesses in the Bay Area.
And most customers argue that if they’re paying for it, they want to own it. But freely giving your company’s intellectual property in these situations can stop you from reusing it for other clients – effectively shutting down a possible income in the future.
This compilation (listed in no particular order) of Vancouver startups and tech firms is compiled with information from these local group in Vancouver’s startup scene: the Canadian Innovation Change, BCBusiness, DigiBC, TechVibes, Enterprise In Vancouver and BCIC.
Many purchasers will demand the supply code be released to them in case you cease supporting the software, however the mental property in the code may still be utilized in your other merchandise or expertise, effectively giving your customer the instruments it must duplicate your know-how.
Although many have praised the ambitions, innovation and deep pockets these firms deliver to the business, a new report by EY, a worldwide consulting and advisory firm, suggests that life science firms are in danger of falling behind their tech brethren.