https://euipo.europa.eu/ohimportal/en/web/guest/news/-/action/view/8306890
Content Reproduced verbatim from the Website of the European Union(EU) Intellectual Property Office as permitted under their Terms of Use.

Some entrepreneurs and start-ups, particularly at the early stages of setting up a business, find it hard to get the financial backing necessary to take their innovative ideas off the ground. Others, often due to lack of familiarity with the topic, fail to see the benefits of protecting intellectual property when deciding to take their business forward. To a large degree, the chances of success depend on the quality of the information SMEs have at their disposal.