Building a strong IP portfolio involves several steps: 1. Identify and Document Innovations: Ensure that all innovations are well-documented and evaluated for potential IP protection. 2. Conduct Thorough Searches: Before filing for IP protection, conduct comprehensive searches to ensure your innovations are truly unique. 3. File for Protection: Apply for patents, trademarks, and copyrights as needed. 4. Regular Audits: Conduct regular audits of your IP portfolio to identify opportunities for optimization and commercialization. 5. Educate Employees: Train employees on the importance of IP and encourage them to report potential innovations.