World IP Day

Taking your ideas to market

Today - 26 April - is World Intellectual Property Day. This day was created by WIPO (World Intellectual Property Organization) to draw attention to the theme of intellectual property (IP) and the way it stimulates innovation and creativity.

Focus on SME

This year, World IP Day focuses on small and medium-sized enterprises (SMEs). Daren Tang, Director General of WIPO, calls them the 'unsung heroes' of the global economy. SMEs are the engine for growth in a post-pandemic world. They account for 90% of all businesses worldwide and 70% of global employment. While these businesses play a major role in the global economy, they still have little knowledge about how IP can help them turn their ideas into products, and how they can use IP to compete and grow.

Support the backbone of the global economy

Mr. Tang has made supporting smaller enterprises a priority and established the IP and Innovation Ecosystems Sector as one of WIPO’s eight sectors. He did this with a remit to support SMEs, entrepreneurs and researchers in commercializing IP and using it for business growth. Mr. Tang said: "Whatever help we can render to our SMEs, will be help that we render to the bedrock of your economy, and the backbone of the global economy. Ultimately, it will help our world to build back better after the COVID-19 pandemic.”

 

Want to learn more about WIPO and World IP Day? Click here.