Intellectual property business

Intellectual Property Rights | Intellectual Property business

Intellectual property Rights Intellectual property (IP) refers to any Intellectual creation of mind. Intellectual property may generate business for Small and Medium Scale Entrepreneur; Academician, Research Scholars, Corporate Law Firms, etc. In every human creativity, any improvement and inventiveness leads to a product of Intellectual Property. It is widely accepted that protecting intellectual property is important for business but for start-up companies with limited resources and experience protection can often seem discouraging and perhaps an impossible task. As a result small and medium sized companies often fail to protect their intellectual property rights. 

Intellectual Property business may be broadly classified such as physical assets which include (buildings, machinery, financial assets and infrastructure) and intangible assets - ranging from human investment and other intangible fruits of a company's creative and innovative capacity.

Intellectual Property business of Physical assets has been responsible for the bulk of the value of a company, and was considered to be largely responsible for determining the competitiveness of an enterprise in the market place. In short and large factories, software and innovative ideas are the main source of income for a large and growing proportion of enterprises worldwide. And even in sectors where traditional production techniques remains dominant, continuous innovation and endless creativity are becoming the keys to greater competitiveness in fiercely competitive markets. Intangible assets are therefore taking center stage and SMEs, Academician and business people should seek how to make best use of their intangible assets.

Intellectual Property business assets includes Innovative products and processes, Cultural, artistic and literary works,  Creative designs, including textile designs ,Distinctive signs trademarks including collective and certification marks, geographical indications, Microchips through protection of layout-designs or topographies of integrated circuits, and Trade secrets etc.

Intellectual Property business will generate an income for SME, Academician through the licensing, sale, or commercialization of the Intellectual property protected products or services that may significantly improve an enterprises market share or raise its profit margins. Intellectual property rights can enhance the value or worth of your SME in the eyes of investors and financing institutions. In the event of a sale, merger or acquisition, Intellectual Property assets may significantly raise the value of our enterprise, and at times may be the primary or only true assets of value.