Introduction to Intellectual Property (IP) In the 21st-century startup ecosystem, intellectual property (IP) has become one of the most valuable intangible ass

Introduction to Intellectual Property (IP) In the 21st-century startup ecosystem, intellectual property (IP) has become one of the most valuable intangible assets a company can own. IP refers to the legal rights granted to the creators of inventions, designs, symbols, names, and processes. These rights help startups protect their innovations and gain a competitive advantage in rapidly evolving industries. As reported by the World Economic Forum, intangible assets (which include IP) account for more than 90% of the value of the S&P 500 companies, highlighting the growing importance of IP in modern business landscapes.