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Why is intellectual property important to the inventor?

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Why is intellectual property important to the inventor?

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It directly benefits an inventor to create and protect intellectual property in three ways. First, the inventor (or inventors) benefit under the university’s intellectual property policy by sharing in the financial rewards of licenses. Second, licensing efforts often either establish or strengthen ties to industrial firms, and these reinforced relationships can directly improve opportunities for additional sponsored research. Third, those inventors who want a sense of seeing their work to be used and relevant can do so through the creation, protection and licensing of intellectual property.

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