Intellectual Property Rights in Smes

Abstract

SMEs are an extremely diverse and heterogeneous group with a very wide range of needs and concerns. Their intellectual property needs and concerns are, therefore, dependent on the nature and scale of their operations and on their relationships with other entities and enterprises. They could help promote innovative new technologies, managerial growth and competitiveness as also, equally, the absorption of technological innovations and exploitation of indigenous research findings. All Governments have placed SMEs high on their list of priorities, and generally provide numerous SME support services. Various adhoc surveys and studies conducted by WIPO indicate that, despite the importance of SMEs for the vitality of the economy and potential offered by IP system for enhancing the competitiveness of, why the most of the SMEs don’t use or don’t get the best out of their use of IP system? Need to answer this question initiate the researcher to make a study on this topic. Present study aims at exploring the IP Culture in SME’s and finds that SMEs in general are not well informed about the potential benefits of using intellectual property assets in their business strategy.