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The importance of the intellectual property in promoting the innovative entrepreneurship
(2020) Brad, E.
In the modern world the intellectual property (IP) plays an important role in generating new creative ideas for companies. The intellectual property, invention, creativity and innovation are considered the main elements which foster the entrepreneurship. The IP process is a key factor for the economic development. At the same time, it has a long history, conditioned by the main changes in the goods and services market. The word such as ,,know – how’’, ,,patents’’, ,,copyright’’, ,,trademarks’’, ,,industrial design right’’ are the most important to define the intellectual property. Through this research the authors have proposed to present the notion of “intellectual property’’ and its key-elements, as well as its role in fostering innovation and entrepreneurship. The role of intellectual property and its development trends were analyzed, by highlighting countries’practices in enhancing the role of IP in developing innovative entrepreneurship. A special focus of the paper is the analysis of IP development in the Republic of Moldova and comparative analysis with its neighboring country – Ukraine.