Celebrating World IP Day: Is the Innovative Future Sustainable?

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The World Intellectual Property Organization (WIPO) established World IP Day (WIPD) 19 years ago to celebrate the day on which the WIPO Convention entered into force: April 26, 1970. And this year, WIPO has set as the theme for World IP Day 2024, “IP and the SDGs: Building our common future with innovation and creativity.”

Arjun Padmanabhan shares his insight:

“Fostering innovation is crucial to WIPO’s sustainable development goals as it drives the creation of new technologies and systems that address environmental, economic, and social challenges. Artificial intelligence holds vast untapped potential to address many of those challenges. As the world embraces AI, countries are adapting patent laws to accommodate AI by clarifying inventorship and ownership rules for innovations generated by AI systems. Once unpatentable AI-created inventions are now patentable in leading patent regimes.”

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As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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