New Delhi: Whichever day is celebrated nationally or globally, that day has great importance in human life. Today is one such day which is called World Intellectual Property Day 2023. Now you will say what is intellectual property? Why celebrate it on this day? Then come here and we give you some very important information about World Intellectual Property Day.
What is intellectual property?
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; Designs; symbols, names, and images used in commerce that are protected in IP law. For example, patents, copyrights, and trademarks enable people to earn recognition or financial gain from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP regime aims to foster an environment in which creativity and innovation can flourish. This day is celebrated with the aim of encouraging the expansion of intellectual property.
World Intellectual Property Day Theme 2023
Let us tell you that the theme of World Intellectual Property Day 2023 is Women and IP: Accelerating Innovation and Creativity. World Intellectual Property will be celebrated today with this theme.
History of World Intellectual Property Day
The establishment of World Intellectual Property Day was initiated by the Director General of the National Algerian Industrial Property Institute (INAPI). The day creates awareness about copyrights, trademarks, and patents. These are laws and registrations that protect the original work of creators and innovators. This can include authors, artists, inventors, and brands helping to ensure that creators own the rights to their work. Intellectual property regulations help encourage more development.
It is important to have intellectual property rules to prevent the piracy of original work and to promote the notion that creators should have full ownership of their inventions. Intellectual property theft costs the United States about $225 billion to $600 billion every year. These rules help protect creators and the country from losing out financially.
Several events are organized around the world to mark World Intellectual Property Day. It is viewed in different ways because people have different intellectual qualities that matter to them. These events showcase all kinds of original work that inspires the next generation to think and create. Creativity is the force that leads to the modernization and development of societies. Innovations make our life easier and more comfortable.
