Why is IPR Important for Entrepreneurs?

IPR matters to entrepreneurs for several reasons:

• Encourages new inventions — It spurs the creation of new, path-breaking inventions, such as cancer-cure medicines.
• Incentivises creators — It rewards inventors, authors and creators for their work.
• Controls use and prevents loss of income — The work a person creates can be distributed and communicated to the public only with his or her permission, which helps prevent loss of income. …