Categories: Current AffairsImportant Days

World Intellectual Property Day 2024 Celebrates on 26th April

World Intellectual Property Day is celebrated annually on April 26th by the World Intellectual Property Organization (WIPO). This day is dedicated to promoting the role of intellectual property (IP) in stimulating innovation and creativity.

World Intellectual Property Day- Theme for 2024

The official theme for World Intellectual Property Day 2024 is ‘IP and the SDGs: Building Our Common Future with Innovation and Creativity‘. The theme highlights the importance of IP in achieving the Sustainable Development Goals (SDGs) and creating a better future for all.

Significance of the World Intellectual Property Day

Celebrating World Intellectual Property Day holds great significance as it:

Raises awareness about the need for a balanced approach to IP protection, considering the rights of creators and the public interest.
Provides an opportunity to connect inventors, entrepreneurs, IP offices, and other stakeholders to explore and promote IP solutions that contribute to economic development and social well-being.
Highlights the role of intellectual property in fostering innovation and creativity, which are essential for progress and sustainable development.

History and Origins of World Intellectual Property Day

The origins of WIPO can be traced back to 1883 when the Paris Convention for the Protection of Industrial Property was signed. This convention established IP protections for inventions, trademarks, and industrial designs.

In 1970, the Convention Establishing the World Intellectual Property Organization entered into force, formally creating WIPO. WIPO became a specialized agency of the United Nations in 1974.

WIPO’s Role

WIPO is a specialized agency of the United Nations that works to promote the protection and advancement of intellectual property worldwide. It provides a framework for cooperation among member states in areas such as:

Intellectual property law
Registration of intellectual property
Protection of intellectual property rights

WIPO also offers various services and resources to promote IP awareness and the benefits of IP protection, including registration, dispute resolution, and the development of uniform standards and infrastructure.

On World Intellectual Property Day, various events and activities are organized to celebrate the role of IP in driving innovation, creativity, and sustainable development. It is an opportunity to recognize the contributions of inventors, creators, and innovators, and to encourage continued progress in the field of intellectual property.

Static Takeaways for exams

World Intellectual Property Organization Headquarters: Geneva, Switzerland;
World Intellectual Property Organization Founded: 14 July 1967;
World Intellectual Property Organization Head: Daren Tang; Director General.

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.