Creating a culture of creativity: The importance of Intellectual Property Rights

Daily Mirror Sri Lanka,
27 April 2021, Sri Lanka

On the 26th of April each year, Intellectual Property (IP) Day is celebrated to draw public attention to the importance of IP rights in fostering creativity and innovation.

It is said that oil was the primary fuel of the 20thcentury economy while creativity is the fuel of the 21st century. Creative industriesencompassa broad range of activities such as arts, craft, music, design and media which have their origin in individual creativity, skill and talent, and have a potential for wealth and job creation through the generation and exploitation of intellectual property.