World Intellectual Property Day is observed on April 26 each year with a variety of events and activities worldwide. It aims to increase people’s awareness and understanding of intellectual property (IP). World Intellectual Property Day is sometimes referred to as World IP Day. The World Intellectual Property Organization (WIPO) works together with various government agencies, non-government organizations, community groups, and individuals to hold different events and activities to promote World Intellectual Property Day each year. Activities and events. It is a specialized agency of the United Nations. It is dedicated to developing a balanced and accessible international intellectual property (IP) system, which rewards creativity, stimulates innovation, and contributes to economic development while safeguarding the public interest. WIPO decided in the year 2000 to designate an annual World Intellectual Property Day to address the perceived gap between IP as a business/legal concept and its relevance to people’s lives. April 26 was chosen as the date upon which the convention establishing WIPO first entered into force in 1970. Furthermore, it also plays a key role in organizing World IP Day. The activities, events, and campaigns that focus on World IP Day seek to increase public understanding of what IP really means, and to demonstrate how the IP system fosters not only music, arts, and entertainments, but also all products and technological innovations that help to shape the world. Some educational institutions may choose World IP Day as a time to celebrate the works of a notable inventor, artist, designer, or entrepreneur, and link discussions with the important role of intellectual property.