Patents, copyright, and trademarks are a few examples of IP protection under the law that allow people to profit financially or gain notoriety from their inventions. The IP system seeks to provide an environment where creativity and innovation can thrive by striking the correct balance between the interests of innovators and the larger public interest.
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Fakes or Bootlegging are a billion-dollar industry today. The sale of fake luxury goods is estimated to be worth USD $600 billion a year worldwide with brands such as Louis Vuitton and Gucci among the biggest targets for counterfeiters. OECD estimates 3.3% of global trade is of counterfeit goods.
“Geographical Indications” are defined as “ Goods that are defined as that aspect of industrial property which refers to the geographical indication referring to a country or to a place situated therein as being the country or place of origin of that product”.
In an economy, we measure outputs - things we produce. In an information economy, however, outputs are not the only thing that matters. Just as importantly, we need to measure inputs - the resources and knowledge used in producing outputs.
The World Intellectual Property Organization released a report “World Intellectual Property Indicators, 2022”, which reveals strong growth in intellectual property (IP) filings in 2021. Last week we looked at Patent, Trademark, and Design. This week we take a look at plant variety, and GI.
The World Intellectual Property Organization released a report “World Intellectual Property Indicators, 2022”, which reveals strong growth in intellectual property (IP) filings in 2021.
Video games have become more than just a ubiquitous pastime and a gigantic market. The video game industry has benefited the most from the pandemic. According to statistical data, the video games segment's revenue is anticipated to reach US$197.00 billion in 2022.
Start-up India and encouraging entrepreneurs has been a thrust area for the Government of India in the recent past. Schemes for inputs from IP Professionals to aid the filing of IP Applications for Start-ups and entrepreneurs are already operational in the last few years.
WIPO’s Global Innovation Index 2022 is out and India has climbed to the 40th rank out of 132 countries.