Intellectual Property Rights (IPRs) are emerging as a strategic business tool for business organizations to enhance industrial competitiveness. Start-Ups, with limited resources and manpower can sustain in the highly competitive world only through continuous growth and development oriented innovations. It is important for such innovations to be protected. Hence the Scheme for Start-up Intellectual Property Protection (SIPP) was launched by the Government of India on 22nd April, 2016.
This week’s article explores the SIPP in detail.