The Origin, Theme, and Importance of World Intellectual Property Day
On April 26th, World Intellectual Property Day is commemorated with the goal of highlighting the value of the intellectual property (IP) and how it fosters innovative thinking. The day is also known as World IP Day.
The World Intellectual Property Office (WIPO) hosted the event to raise awareness about how IP may be used by youngsters to create a better life in the future.
WIPO, inventors, and businesses will have the opportunity to talk and converse with upcoming technologies that will help change the world and enhance people’s lives, as well as the role intellectual property rights can play in this.
History:
The World Intellectual Property Office (WIPO), an UN-specialized self-funded agency, is in charge of creating a fair and accessible international intellectual property (IP) system.
In 2000, WIPO’s member states agreed on April 26 to commemorate World Intellectual Property Day. The occasion commemorates the founding of the World Intellectual Property Organization (WIPO) in 1970. The Convention aims to bridge the gap between intellectual property as a business/legal notion and its practical application in people’s lives.
World Intellectual Property Day 2022 Theme:
Youngsters are preparing to meet new innovative problems, according to WIPO, and are leveraging their energy, resourcefulness, and curiosity, with creativity to guide the world toward a better and more sustainable future.
The theme for World IP Day 2022 is ‘IP and Youth: Innovating for a Better Future,’ which recognizes youth-led innovation and creativity.
Significance:
Every year, WIPO collaborates with a variety of government and non-government organizations, community groups, and individuals to host events on World Intellectual Property Day. Many institutions host stage concerts, essay competitions, seminars, and lectures to raise public awareness about intellectual property rights and their benefits. Various exhibitions highlighting the connections between innovation and intellectual property rights are also held in museums, art galleries, schools, and other educational and cultural institutions.