The presentation is based on Business development Through Innovation , Challenges to Innovation and entrepreneurship , Technology Business Incubation and The role of IPR in Businesses.

1. Technology Business Incubation and IPR
Prepared By:
Group N.O – 5
Saurabh mishra - CUHP19MBA94
Shabbu Devi – CUHP19MBA95
Yatin Bhardwaj – CUHP19MBA99
Sumitted To :
Dr Sarvesh Kumar

2. Incubation of idea to business
Idea incubation is a process for bringing ideas into reality. It starts on a very fundamental level, often
with a single individual who comes up with a concept he or she thinks should be further explored. This
individual brings others in on the incubation process, making the idea stronger and more viable.
Ultimately, the idea may be turned into a product, assuming that funding can be secured and that the idea
is commercially viable.
Cooperative groups work best for incubation because other members of the group can identify strengths
and weaknesses of the idea, resulting in a stronger finished product.
Many startup companies begin with idea incubation in a house or restaurant somewhere. A quick thinking
entrepreneur can identify a problem, a solution, and a way to make the solution marketable. Idea
incubation may involve a simple problem and an innovative solution, or a complex problem requiring
creative effort by several individuals. If the incubation process is successful, an entrepreneur can present a
larger company with a concrete concept, resulting in increased funding to develop it.

4. Business development through Innovation and Creativity
An idea can turn to dust or magic, depending on the talent that rubs against it.
— Bill Bernbach, co-founder of Doyle Dane Bernbach
Creativity and innovation within a well-run companies have always been recognized as a sure path
to success. Stimulating creativity and exploring completely new and unknown before territories
lead as result to increasing the productivity of the organisation. Encouraging the employees to
think outside of the box and giving them time and resources to explore new areas for innovative
ideas is the key to cost-effective business solutions.
Creative ideas and innovative approaches can come from almost anywhere- from your partners,
customers, target groups, employees. They can bring you fresh perspectives and ideas, so show
them that you’re listening and open to their feedback. That's why it is important an open
exchange of ideas to be supported and encouraged by the company.

9. INTELLECTUAL PROPERTY RIGHTS (IPR)
Intellectual Property Rights are legal rights, which result from intellectual
activity in industrial, scientific, literary & artistic fields. These rights Safeguard
creators and other producers of intellectual goods & services by granting them certain
time-limited rights to control their use. Protected IP rights like other property can be a
matter of trade, which can be owned, sold or bought. These are intangible and non
exhausted consumption.

11. Conclusion
With each subsequent year , Innovation is touching new heights in businesses . The
ease of life today in terms of technology only due to some of the great inventions
done by Innovators.
Innovating Without IPR is like batting in cricket , without a scoreboard.
Patents protect the interests of inventors whose technologies are truly
groundbreaking and commercially successful, by ensuring that an inventor can
control the commercial use of their invention.

12. THANK YOU