The article explores how intellectual property rights can determine the success of sports-related innovations and technology startups. At a panel discussion moderated by Dr. V. Premnath, Founding Director of Venture Center, entrepreneurs shared challenges around protecting technology, securing patents and building distinctive brands.
Featuring founders working in smart wearables, printed electronics, board games and spinal implants, the discussion highlighted the risks of leaving innovations vulnerable to imitation, particularly when competing against larger companies. Panellists also addressed the financial constraints startups face when balancing IP protection with business growth.
The discussion emphasised three priorities: protecting valuable innovations early, aiming for market readiness within a year, and generating revenue to build a sustainable business. Organised ahead of World Intellectual Property Day, the event reinforced that IP strategy is essential to translating innovation into commercial success