AbstractThe human urge to work is manifold expanded if the work is complimented or rewarded and be given incentive for the same. The human mind is working on the principle of internal and external rewards. The intellectual property right is also based on the theory of incentives. Everything created with labor of human mind is rewarded by providing protection through intellectual property. The technological age has accelerated the growth of startups. The startups in India are in the nascent stage and hence the role of intellectual property becomes very important. Intellectual property plays key role in innovation and research. It provides incentive and impetus for innovation. India has created a surge in entrepreneurial activities, innovation and investment. The government has created an environment of innovation and entrepreneurship in the country. To attract young talent towards made in India and Skill India, the government has come up with startup Action Plan. The main objective this action plan is nurturing, handholding and mentoring. The startup culture in India has also accelerated and created employment opportunities. In this article an attempt shall be made to trace the challenges faced by legal startups and reflecting the role of IPR in harmonizing the obstacles and providing environment for the growth of startups in India.
Harkirandeep Kaur (Wed,) studied this question.