Innovations in technology are shaping the global economic landscape and act as a catalyst for knowledge creation, diffusion, and economic development. Technology has emerged as one of the major driving forces for large corporates and new-age startups. IPRs allow innovators to gain competitive advantage in the marketplace, thus rewarding them for their innovative efforts and compensate them for the investments incurred during the research and development. Stronger IPR protection minimizes the risk of technology leakage and technology leakage, whereas weak IPR protects technology from domestic firms.”]
Source: https://informationsecuritybuzz.com/articles/role-of-intellectual-property-in-technology-transfer/