5 reasons why every business should protect their intellectual property
TRANSCRIPT
INTELLECTUAL PROPERTY
5 R E A S O N S E V E R Y B U S I N E S S S H O U L D P R O T E C T T H E I R
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INTELLECTUAL PROPERTY RIGHTS (IPR) DEFINITION
Right of a person or company
to use creations of their own
minds, such as plans, ideas,
inventions, etc. without the
worry of competition
FORMS OF IPRTRADEMARKSSymbol, design, phrase or word that
distinguishes one business from its competitors
COPYRIGHTSWorks of art, design, literature, music,
architectural works and computer software
PATENTSExclusive rights over invention, legally eliminates
anybody else from using their invention for 20
years from the date of filing
TRADE SECRETSGives businesses an edge over their competitors
- Formula, process, device, or confidential
information
SCHEME FOR FACILITATING STARTUP INTELLECTUAL PROPERTY PROTECTION (SIPP)
Startup India program- A Government of India initiative to help protect IP
SIPP FEATURES
Faster
patent
verification
Legal
Help
Patent filing
and trademark
application
funding
Discounts in
patent fees via
IP facilitation
centers
FEDERATION OF
INDIAN MICRO
SMALL AND
MEDIUM
ENTERPRISES
OTHER SCHEMES
NATIONAL
MANUFACTURING
COMPETITIVENESS
COUNCIL
VALUABLE BENEFITS OFPROTECTING ONE’S IP
Improves the brand value
Raise funds easily
Competitive edge
Generates additional income
Protect business growth
