ENTREPRENEURSHIP-MERGING INNOVATION AND INTELLECTUAL PROPERTY RIGHT

ABSTRACT Entrepreneurship is an innovative, unique and creative action to the environment and a capability to identify, initiate and take step for utilizes a fiscal prospects. An entrepreneur is a trendsetter who presents something novel to existing system which is not commonly used. Entrepreneurship is an action toward things that are usually different in compare to in the regular course of business. A traditional businessman who works in a regular manner is not an entrepreneur. Innovation leads to the vibrant that oversees the interaction between industry, science and society. This paper focuses on the concept of entrepreneurship and innovation and also contains the role of intellectual property rights in India. This paper defines different kinds of IPR which helps to save all the rights of idea of the owners. This paper contains examples of entrepreneurs who brought innovations with their ideas and also focuses on the inventions in products/services which facilitate the business for survival and development in current global market place.