“Influence Of Intellectual Property On Start-Ups With Special Reference To Bengaluru”

Abstract

In the ever-changing of global market start-ups are the main engines for the progress of the economy and growth. In interest to meet the modest verge in the aspects of technology, and innovation, an ecosystem leads economic growth in a market-driven economy. IPR is incredibly important for the expansion of the economy, particularly in nations like India. It is believed that the industry, especially Indian start-ups, has to comprehend and pay more attention to IPR. Indian government launched the National IP policy-2016 with the intention of giving awareness about IP and making IP and IP processes mandatory. Indian start-ups require more education, guidance, and resources to safeguard their intellectual property. Most nations have developed policies for implementing robust IPR protection to support their businesses and trades. This paper emphasizes that Indian businesses, especially start-ups, are not in recognizing the importance of intellectual property rights and using them as a competitiveness-boosting business strategy. Being a start-up capital of India as well as Asia Bengaluru is not a favourite for the generation/creation of IP. This paper focus on challenges and opportunities faced by Bengaluru with special locus to start-ups and IP by considering and analyzing the primary and secondary data with statistical tools.