Intellectual Property And Small And Medium-Sized Enterprises

INTRODUCTION

Today, in this progressively knowledge-driven economy, Intellectual property (IP) is considered a magical word that can be understood only by the experts or the skilled people. There is no surprise in asking why and how IP is going to provide an emerging platform in Small and Medium Enterprises (SMEs) sector? At present, the Small and Medium Enterprises (SMEs) in India are at a crossroad and there is a strong debate over the questions like what would be the future of these SMEs? How these SMEs can endure in the international trade ring? What role the government should play in making these SMEs more competitive? How can the Intellectual property (IP) generate wealth in the business? In order to know the answers of all these questions there is a need of writing this article and it is concerned with the recognition and analysis of current approaches of SMEs towards the Intellectual property (IP), the hurdles that they face; and the available & possible solut