What Does World Intellectual Property Organization (WIPO) Mean?
The World Intellectual Property Organization (WIPO) is a United Nations (U.N.) agency charged with protecting intellectual property (IP) through an international system that promotes and sustains creativity and innovation and helps develop international economies.
WIPO is dedicated to protecting IP by working with worldwide organizations. It enlists the cooperation of member states through the nine foundational goals of its Strategic Plan. Strategies adopted by member states and organizations include:
- Developing a global IP infrastructure
- Building international respect for IP
- Supporting structures used to facilitate financial and administrative functions
- Implementing global policy issues related to IP
Other strategic goals outlined at the WIPO website are designed to facilitate the Strategic Plan of WIPO.
Techopedia Explains World Intellectual Property Organization (WIPO)
WIPO was established in 1967 in accordance with a mandate issued by the U.N. Primarily developed to focus on the preservation and meaningful use of IP, WIPO enlists the cooperation of member states and U.N. organizations to foster economic development and other activities. Since 1967, organizations and member states have integrated and implemented goals related to the to enlist a Strategic Plan for WIPO to be released on or after 2015.
The International Bureau of WIPO in Geneva, Switzerland employs staff from more than 90 countries. WIPO employees include IP law and IT experts and public policy and economy specialists that are aligned with job duties that promote IP usage for strong economic development between U.N. member states. The International Bureau's divisions are responsible for arranging member state meetings, ensuring proper implementation of WIPO standards, developing and implementing WIPO programs and providing IP expertise to achieve WIPO strategies.