Innovation is one of the principal drivers of scientific, technological and economic development. Every year, researchers, scientists, engineers, entrepreneurs, students and industries develop new products, processes, materials, devices, software-based technologies and methods. However, an invention has value only when it can be appropriately protected, developed and translated into practical or commercial use.Patenting provides an important mechanism for protecting technological innovation. A patent gives its owner a legally enforceable right, subject to the applicable law and jurisdiction, to prevent others from exploiting the patented invention without authorization for a specified period. In exchange, the inventor is required to disclose the invention sufficiently so that the technical knowledge becomes part of the public body of knowledge.
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