While YIM provides grants, facilitates capacity building and innovation development, for the innovation to be protected against idea duplication and risk of copyright infringement, it is important to implement intellectual property (IP) protection.
IP registration which covers a limited period of time provides innovators some measure of legal property rights to prevent others from duplicating the innovation design, exact component composition, logos or other discoveries which are proprietary to the innovator for commercial use without the agreement of the IP owner.
YIM plays the role of advising and connecting innovators to registered IP registration companies for professional consultancy. There are instances when YIM funds the registration of the IP.
The result is that innovators or the companies that owns the innovations are able to gain and retain their competitive advantage. Innovations protected with IPs are also more likely to win the approval of potential angel investors, venture capitalists, funders, financial institutions and potential partners for strategic collaboration.