Startups contribute to economic growth through the process of creative destruction. For startups, this article highlights the importance of intellectual property rights (IPRs), particularly patents, in facilitating value capture and securing competitive advantage. Through a novel dataset of Form-27 disclosures by Indian startups, the study identifies the trends of patent working as well as reasons for non-working. The findings reveal that the technology type is a significant factor that influences patent value capture. This effect is more pronounced in technologies with short cycle times. The findings underscore the need for additional support mechanisms to enhance the commercialization potential of patented innovations in the rapidly evolving Indian market.
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