What is Intellectual Property? 

Intellectual property refers to innovations of the mind, such as inventions, literary and artistic works, designs, logos, and symbols used in trade. Intellectual property is legally protected by rights such as patents, copyrights, and trademarks, which enable individuals to gain recognition or financial benefit from their innovations or inventions. The intellectual property system is characterized by establishing a sound balance between the interests of innovators and the interests of the general public, thus creating an environment conducive to the flourishing of creativity and innovation.

 Benefits of Intellectual Property: 

When implementing an idea in reality, you may spend several months or even years, and undoubtedly, it will cost you a lot of effort, time, and money as well. In the absence of intellectual property rights, you may fear sharing your ideas with others for fear of exploitation. Even if you can launch the idea directly in reality, without a law protecting you from competitors' imitation, the opportunity for them to modify the idea and benefit from it will arise, thus breaking the competitive advantage and sharing profits unfairly. Moreover, aside from the financial aspect, the moral aspect has a greater impact. Others benefiting from your effort without compensation will demotivate you towards developing any other idea.

 Benefits of Intellectual 

• Property Helps business owners maintain their long-term competitiveness and ensures that entrepreneurs receive all the financial benefits from their ideas, thereby ensuring a continuous flow of revenue, ensuring the success and sustainability of the business project steadily.
• Serves as an asset and a source of strength for business owners, helping them persuade financial institutions to invest in their businesses, enabling them to obtain more money needed to develop and grow these businesses.
•  Gives consumers confidence that the products they receive meet the required standards and achieve suitable quality. Gives entrepreneurs the ability to grant licensing rights to others regarding their ideas without risks.
• This means giving entrepreneurs the opportunity to expand more easily in the job market through their products and services, thereby increasing the financial returns related to their businesses.

 The role of Monshati in enhancing intellectual property for project owners: 

• Facilitating access to funding sources through e-financing applications.
• Providing consultations by specialists.
• Empowering project owners to share their project ideas with the Monshati team through face-to-face meetings to study the project idea.
• Conducting specialized training sessions in various fields, specializing in agriculture, commerce, industry, etc.