World Intellectual Property Day is marked on April 26th with the objective of raising awareness about the impact that patents, copyrights, trademarks, and designs have on our daily lives. The purpose of intellectual property (IP) rights is to encourage innovation and creativity worldwide, with a particular focus on the younger generation’s potential to create sustainable solutions for the IP refers to intangible assets generated by the mind, including inventions, literary and artistic works, designs, symbols, names, and images used in commerce. These non-physical assets can be owned by individuals or companies, and intellectual property rights give them control over their creations.
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The 2023 World Intellectual Property Day theme is focused on Women and IP: Accelerating Innovation and Creativity. With nearly half of the global population being female (49.58%), women represent a vast pool of untapped talent and play a significant role in shaping the world through their creativity, hard work, and resourcefulness. The theme for 2023 aims to highlight the importance of empowering women to overcome these challenges and unlock their full potential in the field of intellectual property, driving innovation and creativity forward.
WIPO, a self-funded specialized agency of the United Nations, plays a crucial role in establishing a fair and accessible global intellectual property system. In the year 2000, the member states of WIPO agreed to observe World Intellectual Property Day on April 26th every year to celebrate the establishment of the WIPO Convention in 1970.
The Convention aims to bridge the gap between intellectual property as a legal or business concept and its impact on people’s lives. By observing this day, WIPO hopes to increase awareness of the importance of intellectual property rights and encourage innovation and creativity across the globe.
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