Article summary
The World Intellectual Property Organization (WIPO) has published the World Intellectual Property Indicators (WIPI) report showing that worldwide trade mark filing activity boomed in 2020 despite the global economic downturn. WIPO notes this signals the introduction of new goods and services in response to the coronavirus (COVID-19) pandemic and 'vibrant entrepreneurship'. The WIPI report highlights that between 2019–2020, trade mark filing activity rose by 13.7%, designs by 2% and patents by 1.6%. Compiling new data from almost 150 regional and national authorities, the report demonstrates how innovators as well as brands are increasingly relying on IP tools to seek new growth and expand their enterprises. Also outlined in the report is that in 2020, patent filing activity returned to growth with China’s IP office reporting 1.5 million patent applications, an estimated 13.4 million applications across 17.2 million classes were filed worldwide, and an estimated 1.1 million industrial design applications with 1.4 million designs filed globally. Around...
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