IP audit, valuation and management is a key aspect of exploitation and protection of IP. However, very few enterprises conduct these crucial exercises. Prior to 2007, the Business and Law Institute reports that only about 2% of the large enterprises were conducting some sort of IP audit with 0% from the medium and small enterprises in Kenya. 0% of all enterprises were conducting a valuation of their IP. Only 0.5% of all enterprises had a deliberate IP management policy. This paints a grim picture.
The following main challenges can be cited.