Intellectual Property in Technological Innovation

Intellectual Property (IP) in technological innovation refers to the legal rights that protect creations of the mind, such as inventions, designs, and brands. These rights allow inventors and creators to control the use of their innovations, ensuring they can benefit from their hard work. IP includes patents (for inventions), copyrights (for artistic works), trademarks (for brand identity), and trade secrets (for confidential business information). Protecting IP encourages creativity and investment in new technologies by giving inventors the assurance that their ideas are safeguarded from unauthorized use by others.