Intellectual Property: what is it and why is it important
What is Intellectual Property?
Intellectual Property (IP) covers ‘creations of the mind’, such as inventions, designs, software, and know-how with value for academia and society. Intellectual property rights (IPR) protect these creations by granting the creator exclusive rights for a limited time. Protection can be secured through copyright, design or trademark rights, or patents.
Why protect your IP?
- Prevent others from using f.i. your knowledge, concept or invention without permission.
- Strengthens your position with respect to other parties and competitors.
- Enable collaboration: IP Rights can be bought, sold, rented out, etc. (just like ‘regular’ property).
Read more on the importance of patenting.
Cardinal rule: patent before publishing
Public disclosure – such as scientific papers or conference presentations – can make patent protection impossible. However, applying for a patent and publishing are not mutually exclusive; both can occur simultaneously. Read more on patenting before publishing.
Contact VU IXA-GO
Moreover, any idea or invention with societal and/or commercial potential should be reported to VU IXA-GO. We help assess whether protection is needed and support impact and/or commercialisation through licensing your knowledge to an external party or spin-off.
Ready to explore protection and impact or commercialisation opportunities? Please contact VU IXA-GO to get started.