World Intellectual Property Day is celebrated every april 26 to learn about the role that intellectual property (IP) rights play in encouraging innovation and creativity.
This year, the World Intellectual Property Day 2022’s theme focuses on IP and Youth innovating for a Better Future.
Historical Background
The World Intellectual Property Office (WIPO), a specialized self-funded agency of the United Nations, responsible for developing a balanced and approachable international intellectual property (IP) system designated 26 april as the world intellectual property day in 2000.
The date marks the anniversary the WIPO Convention came into existence in 1970. The Convention aims to minimize the gap between IP as a business/ legal concept and its relevance in people’s lives.
How to properly observe it?
You can have a better understanding of today’s date importance through Legit’s blog.
- Intellectual property (IP) is a fundamental human right protected under more than 25 international treaties.
- IP can take the following forms: copyright, related rights to copyright, patents, trademarks, industrial design, geographical indication, trade secrets, utility models, designation of origin.
- Some rights need formalities to be protected. An authorized representative might help you!
- Copyright holders enjoy protection on their work without formalities.
- Economic rights on a copyrighted work belong to the author 70 years after his death, whereas, moral rights pass on to his heirs
- Related rights to copyright gave Taylor Swift the chance to own her music.
- A trade mark is as important (for your business) as the goods you produce or the services you provide. In this article you will find why!
- Copyright laws help authors to keep their characters alive.
- Your favorite beer finds protection under intellectual property laws.
Final remarks
Startup founders should not let intellectual property’s importance on the back burner. Their brand and product can thrive through it.
According to Dr. Endri Dibra, CEO of Arbrea Labs – a startup in the industry of AI (Artificial Intelligence) and AR (Augmented Reality), their success derived from intellectual property protection.
“Patent registration of scientific inventions, and all other elements of intellectual property has been of particular importance and has helped us to create more credibility to our investors and partners. Needless to say, patenting has been one of the elements that made us distinct from other competitors in the market.”
– Dr. Endri Dibra, CEO of Arbrea Labs
Need extra information?
Download for free our eGuide on Startups to deepen your knowledge on IP!