World intellectual property day

Here is a message from the WIPO Director General Francis Gurry on World Intellectual Property day:

On World IP Day we encourage people to reflect about the role of intellectual property in our changing world. I believe there is a certain genius in intellectual property. What it does is create a unique incentive for investment in research and development, in innovation, and in cultural creation and production.

How does it do that? By creating a mechanism for buying, selling and sharing access to the benefits of innovation and cultural creation.