Open IP Corporation
Open IP Corporation is a Toronto-based intellectual property agency founded in 2017 providing patent, trademark, industrial design, copyright, and confidential information management services to small and medium-sized companies worldwide, led by co-founders registered as patent and trademark agents in Canada and the United States.
- Company typePrivate
- Founded2017
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Open IP Corporation does
Open IP Corporation, doing business as OPEN IP, is a Toronto-based intellectual property agency founded in 2017 by Felix Tang and Somaradi Khiev. The firm delivers registration and ongoing portfolio management services for patents, trademarks, industrial designs, copyrights, and confidential information, and supplements these with IP budget and cashflow forecasting advisory targeted at small and medium-sized companies. Its stated service area is global from a single Canadian headquarters at 260 Adelaide Street East, Unit 71, Toronto.
The business model is a B2B professional services firm operating on a quote-based engagement model with customized scoping per client, generating revenue through patent and trademark prosecution work plus strategic portfolio advisory. The GTM motion is sales-led, identifying prospects directly and engaging them on IP asset identification, development, and management, with explicit positioning that founders are themselves business owners and therefore attuned to client budget constraints. No software product, platform, or recurring subscription revenue stream is offered; the firm has no app, API, or SDK surface.
Both co-founders combine technical and legal credentials relevant to the practice: Felix Tang holds a BASc in Engineering Science (Computer Option) from the University of Toronto, a MASc in Electrical and Computer Engineering, and an LLB, and previously worked in the IP group at Gowlings; Somaradi Khiev holds a BASc and MASc in Materials Engineering from McMaster University. They are registered trademark agents in Canada and the United States and registered patent agents in Canada. The ownership is private, founder-held, with no disclosed external investment or parent entity, and the firm has been operating continuously since incorporation.
Open IP Corporation firmographics
Firmographics- Name
- Open IP Corporation
- Legal name
- OPEN IP Corporation
- Website
- https://openip.ca
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Open IP Corporation is a Toronto-based intellectual property agency founded in 2017 providing patent, trademark, industrial design, copyright, and confidential information management services to small and medium-sized companies worldwide, led by co-founders registered as patent and trademark agents in Canada and the United States.
- Ownership category
- akta.pro rank
Open IP Corporation industry classification
Industry- Product category
- Intellectual Property Services
- akta.pro primary industry
- Intellectual Property (IP) Law (BPAHAAAF)
- akta.pro secondary industry
- IP Filing, Annuities & Renewals Administration (BPAHAMAJ)
Keywords
Where Open IP Corporation is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Open IP Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Intellectual Property Agency Services: Professional services revenue from managing intellectual property portfolios for clients, including patent and trademark prosecution, portfolio management, and IP strategy services.
Go-to-market motion1 record
Distribution channels1 record
Open IP Corporation product offering
Product offeringCore offering
Open IP Corporation is an intellectual property agency that helps small and medium-sized companies identify, develop, and manage IP assets including patents, trademarks, industrial designs, copyrights, and confidential information. The firm provides registration, prosecution, portfolio management, and budget/cashflow forecasting advisory services to clients in Canada and worldwide.
Product overview
Open IP Corporation is an intellectual property agency offering professional services rather than a software product company. The firm provides a unified suite of IP services including trademark registration and management, patent registration and management, industrial design registration, copyright services, and confidential information management. As a technology-focused IP agency, the company also offers budget and cashflow forecasting advisory services to help clients plan their IP programs. The two core co-founders (Felix Tang and Somaradi Khiev) lead the delivery of these services, with Felix specializing in patents and Somaradi managing the firm's worldwide client IP portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Trademark Registration and Management Registration and ongoing management of trademarks in Canada and internationally for small and medium-sized companies, including prosecution and litigation support.
- Patent Registration and Management Registration and portfolio management of patents in Canada and the United States, covering prosecution and litigation matters across technology areas including multimedia, graphics, networking, and embedded systems.
- Industrial Design Registration Registration and management of industrial designs for clients in Canada and other countries worldwide.
- Copyright Services Protection and management of copyright assets as part of comprehensive IP portfolio strategies.
- Confidential Information Management Protection and management of confidential information as part of IP portfolio creation and management.
- IP Budget and Cashflow Forecasting Advisory services helping small and medium-sized companies forecast and control the budget and cashflow requirements for funding an IP program.
Companies that use Open IP Corporation
Customer profileSegments1 record
Ideal customer profiles1 record
Open IP Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Open IP Corporation partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights2 records
Open IP Corporation competitors and assessment
Company assessmentOthers
- Clarivate (formerly CPA Global): Global IP services and analytics company providing IP management software, annuity payments, and outsourced IP administration. Adjacent ecosystem participant enabling many IP agencies, including potentially Open IP, to manage large client portfolios.
Broad incumbents
- Osler, Hoskin & Harcourt LLP: Leading Canadian business law firm with a strong IP practice serving technology and growth-company clients. Comparable on patent and trademark advisory work for tech-sector SMBs, but embedded within a broader corporate and litigation practice.
- Norton Rose Fulbright Canada: Global law firm with a sizeable Canadian IP practice serving enterprise and institutional clients. Competes for IP prosecution and portfolio management work but as part of a much wider full-service legal offering.
- McCarthy Tétrault: One of Canada's largest full-service law firms with a notable IP practice covering patents, trademarks, and IP litigation. Overlaps with Open IP's patent and trademark work but operates as a broad incumbent offering corporate, litigation, and regulatory services beyond pure IP.
Direct peers
- Bereskin & Parr: Leading Canadian IP boutique focused exclusively on intellectual property law, including patents, trademarks, industrial designs, and copyrights. Comparable service mix and Canadian client base; significantly larger firm with full litigation capabilities.
- Gowling WLG: Major international law firm with a substantial Canadian IP practice (formerly Gowlings), where co-founder Felix Tang previously worked on patent and trademark prosecution. Directly comparable in service offering and target client types, though operating at vastly greater scale with global offices.
- Smart & Biggar: Canada's largest IP boutique specializing in patent and trademark prosecution with offices nationwide. Directly comparable as a Canadian IP agency serving tech and life sciences clients, though materially larger in scale and agent count than Open IP.
- Marks & Clerk: Global IP services firm with offices in Canada providing patent and trademark prosecution across multiple jurisdictions. Comparable as a pure-play IP agency offering cross-border filings, though significantly larger and more globally distributed.
Emerging players
- Trademarkia: Online trademark search and filing platform offering low-cost self-service and assisted trademark registration. Competes with Open IP on routine trademark work for SMBs and small businesses, though with a tech-enabled, lower-touch model.
- LegalZoom: Online legal services platform offering trademark registration and basic IP services to SMBs and consumers. Represents the tech-enabled, low-cost alternative to traditional IP agencies like Open IP for commoditized filing work.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Open IP Corporation social profiles
Digital presenceOpen IP Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Open IP Corporation leadership team
Management profileNumber of profiles
Profiles2 records
Open IP Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Open IP Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Open IP Corporation
What does Open IP Corporation do?
Open IP Corporation is an intellectual property agency that helps small and medium-sized companies identify, develop, and manage IP assets including patents, trademarks, industrial designs, copyrights, and confidential information. The firm provides registration, prosecution, portfolio management, and budget/cashflow forecasting advisory services to clients in Canada and worldwide.
Is Open IP Corporation a public or private company?
Open IP Corporation is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Open IP Corporation founded?
Open IP Corporation was founded in 2017. It employs 1 to 10 people.
Where is Open IP Corporation based?
Open IP Corporation is headquartered in Toronto, Canada, in the North America region.
How does Open IP Corporation make money?
One revenue line is on record: intellectual Property Agency Services.
Who are Open IP Corporation's main competitors?
Clarivate (formerly CPA Global) is listed as an others. Broad incumbents are Osler, Hoskin & Harcourt LLP, Norton Rose Fulbright Canada and McCarthy Tétrault. Direct peers are Bereskin & Parr, Gowling WLG, Smart & Biggar and Marks & Clerk. Emerging players are Trademarkia and LegalZoom.
Does Open IP Corporation have an API?
No public API is recorded for Open IP Corporation.
What industry is Open IP Corporation in?
Open IP Corporation's product category is Intellectual Property Services. Its primary akta.pro industry code is BPAHAAAF, Intellectual Property (IP) Law, with a secondary code of BPAHAMAJ, IP Filing, Annuities & Renewals Administration.