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Abstract
Intellectual Property Rights (IPRs) are gaining considerable predominance in this technology driven, knowledge-based economy. Modern business scenario is highly competitive forcing the business firms to come up with innovative products and services to delight the customers with the aim to satisfy their ever-changing needs. It can be seen that innovation is the key for business to survive in this competitive business environment. In this era where innovation driven entrepreneurship is being strengthened, the role of IPR is of prime importance in protecting the creations of human mind as they afford several competitive advantages for enterprises that hold them. The study helps to gain an overview about the link between innovation, IPR and entrepreneurship and the importance of IPR in enhancing entrepreneurship. Further, the study helps in understanding various interventions and initiatives of Government with regard to IPR in the area of entrepreneurship.