IP and SMEs: Taking your ideas to market
People across societies work hard all through their lives to earn a living and acquire things like a house, automobiles, and other properties (tangible and physical) to enhance the quality of life. Spend many resources (both time and financial) to protect the acquired properties from being stolen or misplaced. In a way, a demonstration of individuals rights on them. In life, one encounters many which are intangible, like the poem you have written or a song you have composed or a fantastic picture you have drawn. One’s intellectual ability is reflected in these creations, and hence they are often referred to as intellectual properties. How does one protect them? World Intellectual property day is all about protecting the same.
World Intellectual Property Day is observed every year on 26 April. Established by the World Intellectual Property Organization in 2000 to “raise awareness of hose patents, copyright, trademarks and designs impact daily life” and “celebrate creativity, and the contribution made by creators and innovators to the development of societies across the globe”. Algerian and Chinese delegations took the lead role in the discussions at World Intellectual Property Organization that led to the adoption of the “World Intellectual Property Day”. 26 April was chosen as the date for World Intellectual Property Day because it coincides with the date on which the Convention Establishing the World Intellectual Property Organization entered into force in 1970. Small businesses are critical to the success of societies. This year’s observation World Intellectual Property Day 2021 focuses on the crucial role of small and medium-sized enterprises (SMEs) in the economy and harnessing intellectual property rights to build stronger and competitive entities. Sir Jagadish Chandra Bose was the person who first demonstrated the science behind capturing radio waves. Wondering how he is not as well-known as Marconi? Many think it is because he never patented his work.
The Statute of Monopolies (1624) and the British Statute of Anne (1710) are seen as the origins of patent law and copyright, respectively, firmly establishing the concept of intellectual property. Wikipedia traced back the modern concept of intellectual property to England in the 17th century, and since the late 20th century, it has become more prevalent in the world’s legal systems. The intangible nature of intellectual property makes the protection difficult. Interestingly even when many people use them without the intellectual good without it being depleted. If one makes a copy of a work, the enjoyment of the copy does not diminish the enjoyment of the original.
There are critics of the IP regime too. It is argued that “stronger patents do little or nothing to encourage innovation”. There is also a criticism of the implied analogy with a physical property when one refers to intellectual works as non-rivalrous. In earlier times, Intellectual property was being referred to as intellectual rights. Since the early 1980s, the use of the term intellectual property has increased. The term intellectual monopoly privilege is being advanced by several academicians. Alternatives being talked about are “copyleft”, “free culture movement”, and “Creative Commons share-alike”. Copyleft is a practice of granting the right to freely distribute and modify intellectual property with the requirement that the same rights be preserved in derivative works created from that property.
Science and Technology plays a crucial role in safeguarding intellectual property. The advent of digital technologies and access to information makes the protection that much more difficult. Investing in and strengthening the digital infrastructure is essential to promote innovation and protect rights.
It is essential to be creative, and sharing leads to enhanced reach, recognition, and appreciation. Though appreciation cannot be measured in monetary returns, it is a tonic to enhance creativity. While it is essential to protect creative and original works, more important is the use of the same. The public good is the most critical aspect of all creativity. The efforts of all are focused on enhancing the quality of lives. Improvement of the quality of life is not necessarily linked to wealth that makes one happy.