World Intellectual Property Day

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2024 Date26 April 2024
2025 Date26 April 2025

World Intellectual Property Day

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World Intellectual Property Day serves as a reminder of the influential role intellectual property rights (patents, copyrights, trademarks, and designs) play in spurring innovation and creativity. The event seeks to spread awareness about how patents, trademarks, and copyright laws protect ideas and inventions, fostering industrial development and economic growth. The observance also encourages everyone globally, regardless of their location or profession, to consider how intellectual property rights impact their lives, both at work and in their leisure time.

The event was established by the World Intellectual Property Organization (WIPO), an international body, in 2000. For India, a country known for its rich culture and innovative industries, World Intellectual Property Day carries significant relevance. It not only highlights the power of India's intellectual property in the global economy but also emphasizes its role in promoting the progress of science and useful arts. This day can be seen as a crucial tool for India in its ongoing efforts to preserve its cultural heritage, protect indigenous knowledge, and promote local ingenuity, creativity, and innovation.

World Intellectual Property Day in India is often observed through a series of informative activities, including seminars, lectures, and workshops aimed at raising awareness of intellectual property rights. Partnerships are often formed between governmental, non-profit, and private sector bodies to carry out these events, emphasising the importance of a holistic approach to intellectual property protection. April 26th marks the day; it's a symbol of India's commitment to fostering a culture where innovation is rewarded, creativity is celebrated, and intellectual assets are legally and rightfully protected.

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Facts about World Intellectual Property Day

  • The theme for World Intellectual Property Day in 2023 was Women and IP: Accelerating Innovation and Creativity.
  • Intellectual property holds immense economic value. In fact, in many global companies, the value of IP assets greatly exceeds the value of their physical assets.
  • The duration of IP rights can vary dependent on the type. Copyrights generally last for the lifetime of the creator plus 70 years, while patents typically last for 20 years from the date of filing. Trademarks can last indefinitely, provided they are continually used and defended.

Top things to do in India for this observance

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