NITI Aayog and WIPO Signed Statement of Intent

On July 22nd, 2024, a high-level delegation from World Intellectual Property Organization (WIPO) signed a Joint Letter of Intent (JLoI) with Atal Innovation Mission (AIM) of NITI Aayog in New Delhi.

Key Points

The JLoI is aimed at building programs for Innovation, Entrepreneurship & Intellectual Property (IP) for countries in the Global South.

WIPO

The World Intellectual Property Organization (WIPO) is the United Nations agency that serves the world’s innovators and creators, ensuring that their ideas travel safely to the market and improve lives everywhere.
It is the nodal institution that releases the Global Innovation Index (GII) annually.
As per the GII 2023 report, India had retained the 40th position of 132 economies featured in the GII ranking.
As per WIPO Report 2022, India has experienced sixth straight year of growth in patent filing, posting the highest growth of 31.6% globally. Importantly, a substantial increase in resident filings was the main driver of growth overall in 2022.

Atal Innovation Mission (AIM):

AIM is a flagship initiative by the NITI Aayog to create a culture of innovation and entrepreneurship across India.
AIM has launched the Atal Tinkering Lab (ATL) program. ATL is a state-of-the-art space established in a school with a goal to foster curiosity and innovation in young minds, between grade 6th to 12th across the country.