Piyush Goel addresses the valedictory session of the National Intellectual Property Conference 2022

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Union Minister of Commerce and Industry, Piyush Goyal while addressing the Valedictory Session of National Intellectual Property Conference 2022 said that India aims to be among the top 10 nations in the Global Innovation Index (GII).

He said that India had made massive gains, jumping from the 81st rank in 2015 to the 40th rank in 2022. Giving protection to the creator of the intellectual property will further innovations in India.  He expressed confidence that collective efforts of government, academia, industry, legal fraternity and technology ecosystem will help us achieve this goal.

Organiser of the National Intellectual Property Conference 2022 

The National Intellectual Property Conference 2022 was organized by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Union Ministry of Commerce and Industry in New Delhi on 14 and 15th October.

Theme of the conference 

The Theme of the National Intellectual Property Conference 2022 : Strengthening IP Ecosystem for Catalyzing the growth of Knowledge Economy

The objective of the conference is to bring the IP Officers, Creators and Practitioners on one platform to discuss futuristic IP challenges related to developmental issues.

Intellectual Property Rights

Intellectual property rights are the rights given to persons/companies over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time. For e.g.  Development of a new software or discovery of new medicine.

Some of the important types of Intellectual Property Rights 

Patent

A patent is a government-granted monopoly to the inventor to build, sell, and use an invention and prevent others using it without the permission of the patent holder.  Normally a patent granted to an inventor is for 20 years.  After 20 years patents expire and anybody can copy that invention. 

Trademarks

A trademark can be any word, phrase, symbol, design, or combination of these things that identifies a person or company's goods or services in the marketplace. A trademark is used for goods; a “service mark” is used for services.

Copyrights

Copyrights protect original works of authorship, such as paintings, photographs, musical compositions, sound recordings, computer programs, books, blog posts, movies, architectural works, and plays. 

World Intellectual Property day is celebrated around the world on 26 April.