Context:
- According to a World Intellectual Property Organization report World Intellectual Property Indicators 2023, patent application filings by Indians surged by 31.6% in 2022, the sharpest increase globally, reflecting the country’s growing innovation ecosystem.
Global Patent Trends 2022: India Surges in Innovation with Notable Rise in Patent Applications:
- Global Status: Innovators worldwide filed 3.46 million patent applications in 2022, which is 1.7% higher when compared with the previous year.
- Indian scenario: Indians filed 15,495 more patent applications in 2022 than in the previous year, while China received 33,605 more applications than in 2021.
- Share of women: In absolute terms, India accounts for the sixth largest number of patent applications globally.
World Intellectual Property Organization (WIPO):
- It is the global forum for intellectual property (IP) services, policy, information and cooperation.
- It is designed to promote the worldwide protection of both industrial property (inventions, trademarks, and designs) and copyrighted materials (literary, musical, photographic, and other artistic works).
- The organization, established by a convention signed in Stockholm in 1967, began operations in 1970 and became a specialized agency of the United Nations in December 1974.
- It is headquartered in Geneva.
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- Patent: A patent is an invention-based legal document that defines and provides the bearer with exclusive rights to exclude others from producing, selling, or distributing such an invention
- Trademark: A trademark can be any word, phrase, symbol, design, or a combination of these things that identifies your goods or services.
- It distinguishes similar goods or services originating from a different undertaking.
- Geographical indication(GI): A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
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- Women had a share of 23.9 percent of all the Patent Cooperation Treaty applications.
- Major IP filing region: The bulk of IP filing activity in 2022 occurred in Asia, with the region accounting for 67.9%, 67.8% and 70.3% of global patent, trademarks and industrial designs filing activity.
- Featured technology in published patent applications: Computer technology accounted for 11.1% of the world total in 2021.
- It was followed by electrical machinery (6.4%), measurement (5.8%), medical technology (5.2%) and digital communication (4.9%).
- Trademark filings: India was in the top four with 467,918 filings in 2022, behind the US (945,571), Turkey (482,567), and Germany (479,334).
- Geographical indication (GI): China had the most GIs in force within its territory, with 9,571, followed by Hungary (7,843), Germany (7,386) and the Czech Republic (6,383).
News Source: Economic Times
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November 9, 2023