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1. IFIA Activities Report 2023 Decision: The report was unanimously
The committee reviewed the comprehensive approved by the committee.
IFIA Activities Report for the year 2023. The 2. IFIA Financial Report 2023
report highlighted the various initiatives and The IFIA Financial Report for 2023 was
programs undertaken by IFIA to promote presented, detailing the organization’s
innovation and support inventors worldwide. financial performance over the year. The report
Key accomplishments included successful included income and expenditure statements,
international exhibitions, educational budget allocations for various projects, and
workshops, and the launch of several new an analysis of financial sustainability. The
initiatives aimed at fostering collaboration financial performance was found to be stable, IFIA Magazine September 2024
among member organizations. with all activities being executed within the
The committee acknowledged the efforts approved budget.
made in expanding IFIA’s reach and impact The committee discussed the importance of
across different regions. The activities were maintaining a robust financial structure to
aligned with IFIA’s strategic goals, contributing support future initiatives and agreed on the
significantly to the promotion of innovation on need for continuous monitoring of financial
a global scale. health. 45