Intellectual Property Rights and Performance of Start-ups

What is the basic tenet of intellectual property rights (IPR) including patent system in each country? Patents combine incentives for the production of technological knowledge with incentives for diffusion of that knowledge. This review paper deals with intellectual property rights and growth of start-ups. 

There is no exaggeration that intellectual capital is more important than physical capital in globalized and knowledge based societies. Most countries have been interested in facilitating start-ups and growth of them as a way of job creations. Those who claim that the patent is inevitable for creation new venture have been likely to see a patent at an insurmountable hurdle.