What is Foundation IP?

Foundation IP refers to the fundamental and essential intellectual property (IP) building blocks that are critical for the development and operation of a larger system, product, or service. These are often the core technologies, patents, trade secrets, and know-how upon which other innovations are built. They provide a solid base and competitive advantage. Foundation IP is commonly used to establish a strong market position, protect innovation, and generate revenue through licensing or product sales. For example, in semiconductors, basic circuit designs or manufacturing processes can be considered foundation IP.