What is Intellectual Property?
Intellectual Property, also known as IP, is any intangible asset consisting of knowledge and ideas. Like any form of physical property, IP is owned and it can be bought and sold. It can also be rented out through a process of licensing that can result in significant commercial and financial benefits for individuals, research groups and the organisations employing them.
Knowledge and ideas resulting from research are considered to be intellectual property and can be a valuable asset that should be protected from infringement or copying. It is important to understand whether research has resulted in intellectual property and to know how to protect any intellectual property that may be created through research having been undertaken.
Understanding Intellectual Property from research
Intellectual Property can take various forms which are summarised below. You can read more about IP from R&D and how to go about protecting it in KTI’s Guide to Intellectual Property & Confidentiality.