An IP Core (Intellectual Property Core) stands for
a block which is based on intellectual property.
An IP Core is generally based on a patented invention or a revolutionary technology. In the first case, the patent discloses the novelty and key moments of technology within the IP Core, whereas, in the second case, all the features of the algorithms underlying IP Core are known only to the IP Core development company. IP Core technology permits licensing patented inventions as a turnkey solution that the customer can promptly evaluate before making a final decision regarding its purchase. Licensing itself can be granted on the basis of royalties per device or without quantitative restrictions.
It is worth mentioning that an IP Core is not only a netlist library or IC layout. IPrium LLC offers full transfer of knowledge regarding technology, on which the IP Core is based, and offers additional training for the clients, a detailed technical description of the IP Cores, Matlab/Octave models and evaluation boards in addition to the complete project examples.