Intellectual property (IP) plays an important role in a start-up's business, especially when the startup is involved in technology. However, often times, startups fail to recognize this. Protecting a company’s IP also plays a crucial role in attracting investments. While venture capitalists want to know where innovation or invention stands vis-à-vis competitors in the prevalent market, other potential investors also think about whether it is advantageous to build a business based on the innovation or invention. Protecting the company’s IP also avoids litigation costs arising out of infringement claims, which is not affordable for a new venture. Therefore, investors also look at the IP protection system in place before they advance funds to the startup.
Importance of IP for StartupsBefore talking about IP protection for startups, it is Continue read
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