INTELLECTUAL PROPERTY RIGHTS (IPR): IPR refers to the legal rights given to the inventor or creator to earn recognition or financial benefit from what they invent or create. These legal rights confer an exclusive right to the inventor/creator, or his assignee, to use and exploit his invention/creation for a given period of time. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish. Over the past few decades, the center of wealth creation has been shifting from tangible assets to Intangible Assets or, as OECD calls it, the “knowledge-based capital”. In the current economy, Intangible Assets are giving important competitive advantages to companies (entrepreneurial ability, client’s fidelity…). IPRs are considered the core part of Intangible Assets.
SEAentia case study featured in Aquaculture Europe
4. November 2024
