Industrial property protection policies are subsumed under technology entrepreneurial policies that share the characteristics of general entrepreneurship policies and small businesses. These policies are generally in favor of technology entrepreneurs who focus on increasing overall market returns and commercializing technology by removing barriers to transfer. The purpose of the current applied descriptive study was to investigate and rank order the constituent components of legal-policies protecting industrial property rights with a focus on entrepreneurship development. The research population comprised entrepreneurs of knowledge-based companies in Tehran from whom a random sample of 100 were selected in the winter of 2017. The theoretical background to the study was established via library research and the research hypotheses were tested via Friedman and one-sample t-test analyses. The results showed that among 20 components of protection policy, the most common ones included inventor and author compensation rights, ease, transparency, cost reduction and speed of registration and licensing processes, trademarks and logo registration, patent application support, online registration, infringement reporting and copyright protection. Moreover, the findings revealed that the most effective policy components protecting industrial property constituted the rights of the inventors and authors, the ease, transparency, cost-efficiency and rate of processes involved in registration, obtaining licenses, trademarks and logos, as well as protecting copyright, trademark ownership and patent application, expediting and updating of physical property registration of various assets.