Impact of IPR on Startups and Small Businesses

Written by: Mitashi Gupta, B.B.A.LL.B, Galgotias University

Abstract

The primary objective of this research is to explore the impact of Intellectual Property Rights (IPR) on startups and small businesses, focusing on how effective management and protection of intellectual property can lead to competitive advantages, increased revenue, and sustainable growth. The research also aims to identify the challenges these enterprises face in managing IPR, including the costs, legal complexities, and enforcement issues, and to evaluate the role of government and organisational support in mitigating these challenges. This research adopts a mixed-method approach, combining doctrinal and empirical methodologies. The doctrinal method involves a comprehensive review of existing literature, legal frameworks, and case studies to analyse the theoretical aspects of IPR management. The empirical method includes qualitative interviews and surveys with entrepreneurs, IP experts, and legal professionals to gather insights into the practical challenges and benefits of IPR for startups and small businesses4. This dual approach allows for a robust analysis of both the theoretical and practical dimensions of IPR in the context of small enterprises.

Keywords: Intellectual Property Rights, Startups, Small Businesses, Innovation, Competitive Advantage, Patent, Trademark, Copyright, Trade Secret, IP Monetisation

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Volume 1 | Issue 5