Investing In Innovation – That Is, The Power Of Human Mind. Legal Aspects of the Innovative Businesses
Abstract
RESEARCH OBJECTIVE: The aim of the article is to define attitudes that effectively provide legal support for researchers that are engaged in the innovative projects, who are cooperating with the entrepreneurs.
THE RESEARCH PROBLEM AND METHODS: The problem to analyze are discrepancy in interpretation of the basic term from the field of research and development and the threats that results from it. Author by presenting an overview of literature, analyzes legal aspects of the cooperation between business and science.
THE PROCESS OF ARGUMENTATION: Presented are tools to protect intellectual property rights in such a way that the economic success of the universities and entrepreneurs is guaranteed without prejudice to the rights of scientists directly involved in the discovery. It is underlined that it is a common situation that the human capital must give way business and marketing. It indicates the key role of the university as an owner of intellectual property rights – a party to agreements of the transfer of innovation and a representative of the rights of scientists.
RESEARCH RESULTS: This article intends to draw attention to the significance of implementation of the results of scientific research. Due to differences in interpretation of the term technology, the article provide a conclusion that the said term should be replaced with the innovation transfer.
CONCLUSIONS, INNOVATIONS AND RECOMMENDATIONS: Percentage of commercialized results of research conducted by the university has become an important determinant of competitiveness of the universities. The management of the intellectual property rights registered for the university, which helps effectively transfer innovation, seem particularly important.
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