SMEs make up around 90 percent of the world’s businesses and generate up to 40 percent of national income in many emerging economies. In India itself, SME contributes a whopping 29% to the Indian GDP. 47% of India’s manufactured output and 48% of the nation’s exports come from SMEs. When such a powerful force working for the national economy does not realize the power of IPR, it affects their output and threatens their innovation and creativity by unfair competition and copying. IPR encourages the SMEs to reap economic advantage and also protects their rights thereby paving way for incremental innovations. IPR has the potential to empower the SME in ways unimaginable. It can facilitate and empower them to not just create but also start their journey from ideas to the market and reap economic benefits on their creations thereby also strengthening the nation’s economy.
When we talk about making IP accessible to SMEs, it becomes important to not only make them aware of its potential but to also shape the existing IP system to cater to the needs of the SMEs which will strengthen their existence and allow them to work with their maximum potential thereby benefiting themselves and the nation in turn. The IP system, the government and various other organizations and bodies must come together to celebrate the contribution of SMEs in the development of our nation and reward them by uplifting and modifying the preset IP system to better cater to the needs of SMEs and make IP more accessible to the SMEs thereby enabling them to take their ideas to the market. With this, as the objective of the IP systems across the globe, WIPO celebrates World IP Day 2021 with the theme “IP & SMEs: Taking your ideas to market”. Lex Regia has been working for the SMEs and raising awareness about the importance of IP. Supporting WIPOs initiative of helping and empowering SMEs and celebrating the World IP Day 2021 on April 26, 2021, we, at Lex Regia, in collaboration with Krishna Institute of Medical Sciences, Karad, are organizing a webinar on the theme “Making IP Accessible to SMEs: Ideas to Market” as a part of our initiative to work on the lines of our theme thereby making IP accessible to the SMEs. We hereby invite you to be a part of our initiative in helping us support and empower SMEs through IP. The details of the webinar are as follows:
Theme: “Making IP Accessible to SMEs: Ideas to Market” Date: April 26, 2021 Time: 4:00 pm IST
We look forward to meeting you at the virtual event.
Team Lex Regia