What is WIPO?

Introduction

WIPO (World Intellectual Property Organization) is a specialized agency of the United Nations that promotes and protects intellectual property (IP) rights globally. It helps businesses, inventors, and creators safeguard their innovations, trademarks, patents, and copyrights.

Meaning of WIPO

Established in 1967, WIPO aims to create a balanced and effective IP system that fosters innovation, creativity, and economic growth worldwide. It has 193 member states.

Key Functions of WIPO

1. Patent Protection – Helps inventors secure international patents.
2. Trademark & Copyright Services – Assists businesses in protecting their brands and creative works.
3. Dispute Resolution – Resolves IP conflicts between parties.
4. Policy & Research – Develops IP laws and regulations globally.
5. Training & Support – Provides resources for businesses and individuals to understand IP rights.

Example of WIPO in Action

If an Indian tech startup develops an innovative AI tool and wants to protect it globally, they can apply for a patent through WIPO under the Patent Cooperation Treaty (PCT). This ensures their invention is safeguarded in multiple countries.

Why WIPO is Important

✔ Encourages Innovation – Protects inventors, fostering technological growth.
✔ Supports Businesses – Helps companies protect their brands and products internationally.
✔ Prevents IP Theft – Ensures fair use and prevents unauthorized copying.
✔ Strengthens Global Trade – Facilitates smooth IP management in international markets.

Conclusion

WIPO plays a crucial role in protecting intellectual property worldwide. By offering patents, trademarks, and copyrights, it ensures that innovation and creativity are rewarded, driving global economic and technological advancement.