World Intellectual Property Organization (WIPO) released World Intellectual Property Indicators 2023
The World Intellectual Property Indicators 2023 is a report that analyzes intellectual property (IP) activity around the world. It covers patents, utility models, trademarks, industrial designs, microorganisms, plant variety protection, and geographical indications.
Key Highlights of the report:
- Record-High Patent Applications: In 2022, innovators worldwide filed 3.46 million patent applications, marking a 1.7% increase over 2021.
♦ In 2022, the highest number of patents in force was in China. - New technologies (Digital technology-related IP filings, including computing) continue to have a significant impact on intellectual property (IP) filings.
- Asia received around 67.9% of the patent applications filed globally.
- Although patents can be maintained for up to 20 years, the average age of patents varies across offices.
♦ Brazil (11.6 years) India (11.4 years), Germany (11 years) and Mexico (11 years).
India-specific findings:
- India experienced its sixth consecutive year of growth, with patent filings surging by 25% in 2022, the fastest increase since 2005.
Initiatives which led to higher patent filing in India:
- Fee concessions like a 10% rebate on online filing, an 80% fee concession for Start-ups.
- Scheme for Facilitating Start-Ups Intellectual Property Protection (SIPP)
- Patent Analysis and Management System (PAMS)
- Party to Patent Cooperation Treaty
About WIPO
WIPO is the global forum for intellectual property (IP) services, policy, information and cooperation.
The World Intellectual Property Organization (WIPO) is the global forum for intellectual property (IP) services, policy, information and cooperation. We are a self-funding agency of the United Nations, with 193 member states.
Our mission is to lead the development of a balanced and effective international IP system that enables innovation and creativity for the benefit of all. Our mandate, governing bodies and procedures are set out in the WIPO Convention, which established WIPO in 1967.