Women entrepreneurship and intellectual property rights: An analysis

Abstract

Women in society as a whole have incredible creative knowledge and innovative skills but lack the commercialization of their expertise. Providing women with equal access to resources and the opportunity to utilise their intellectual property rights is a key strategy for empowering women. Innovators, artists, and inventors can benefit financially from intellectual property rights (IPRs) for their inventive works and intellectual efforts. It would make it easier for female innovators to start their businesses, which would not only enhance their lives but also have a significant impact on how the country and the world economy are shaped. The study endeavors to figure out the challenges experienced by Indian women, especially those who have already started their entrepreneurial journey. An online questionnaire and a convenient sampling strategy were used in the study to collect empirical data. The survey included 35 female entrepreneurs from 12 states, and the results showed that 20 of them, or 57%, run self-funded businesses with no outside funding or access to a network of investors. These female entrepreneurs, who hail from a variety of sociocultural backgrounds and represent different regions of the nation, share a lot in common in terms of the challenges they've encountered in their families and society. The paper concluded that the framework for intellectual property rights may help female entrepreneurs commercialize their skills and give them economic independence.