The importance of Intellectual Property Right in the current global economy cannot be overemphasized because it has contributed immensely to national economies, but Africa has not benefited much from IPR.
The world as we know it has since evolved in terms of knowledge and innovation. The need to find newer solutions as well as fine-tune existing processes has led to the emergence of several new products, technologies, ideas and creativity. The number of registered patents, trademarks and copyrights globally has substantially improved by 189%, 253% and 388% respectively between 1996 and 2016. However, Africa accounted for only 0.2% of over 3,326,300 global patents application in 2018, a further decline from its 0.7% share in 2008. Africa’s share of global trademark applications was only 1.7%, revealing a significant drop from 2008 shares of 3.3%
The question is – How can Intellectual Property Rights work for Africa and Africans?
Join the discussion to know how IP can work for Africa.
Theme: How Can IP work for Africa and Africans?
When: Dec 14, 2020, 04:30 PM West Central Africa
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