Managing your IPRs in the Internet of Things

IoT is a wide phenomenon that encompasses diverse technologies from Human-to-Machine communication (H2M), Radio Frequency Identification (RFID), Location-Based Services (LBS), Lab-on-a-Chip (LOC), sensors, Augmented Reality (AR), robotics, 3D printing and vehicle telematics. The common feature of all these technologies is that they combine objects with embedded sensors, smart communication and data transfer to wired and wireless networks.

The development of these types of new technologies usually involves considerable investments. This is the reason why free copying thereof may discourage innovative undertakings. In this context, Intellectual Property Rights (IPRs) come into play as legal mechanisms, which aim to encourage the creation of new technical solutions/products by allowing IPR holders to exclude third parties from using their inventions and creations for a certain period of time, as well as maximising their value thanks to proper protection and management.