World Intellectual Property Day

Most Visionary innovators know that intellectual property day is celebrated on the 26th of April annually. It may seem insignificant but it is relevant particularly at a time when we are seeing the rise of a creative class in many parts of the world. It is a well known fact that preventing counterfeiting and piracy reduces the occurrence of economic activity that can be harmful and stifle innovation.

This may sound a bit contradictory to the previous blog post, but it is fair to say that celebrating World Intellectual Property Day which was established by the world Intellectual Property Organisation in 2000 to “raise awareness of patents, copyrights and design”, is a great way to educate the general public about the effects of counterfeiting and how it can affect economic growth.

The internet has made it so much easier for individuals to obtain digital property and sell it off without the creators reaping the rewards of their creativity. Enforcing the law is almost an impossible task for law enforcers. It is therefore, important that organisations, educational institutions and individuals are encouraged to be proactive in raising awareness and protecting the ideas of innovators and the innovations they have brought to the market.

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