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Australian Intellectual Property report launched

Australian Intellectual Property report launched article image

IP Australia has released the second Australian Intellectual Property Report – a comprehensive overview of Australia's Intellectual Property system and how we compare globally.  

A useful resource for business, industry and academics, the report provides detailed analysis of the role of IP in our economy, the activity of Australian businesses, and emerging IP trends and evidence.  

The report shows positive growth in applications across all types of IP rights, with a spike in patent applications in Australia over the past year.  

Key findings include:

  • Growing demand for intellectual property rights mirrors global trends, but mixed results from Australian residents. 
  • The majority of patent applications in Australia are filed by non-residents mostly from the US.
  • Australians are increasingly going abroad to Asia and China to launch new trade marks.
  • The fastest growing trade mark filers are from China (up 20% from the previous year), Switzerland (21%) and South Korea (17%).
  • Australia has a well-functioning, highly regarded IP system and all the right ingredients for strong innovation output.

"The strategic management of IP is fundamental to Australia's future economic well-being, says Ben Mitra-Kahn, the Government's Chief Economist on Intellectual Property.  

“This report shows the importance of IP in enabling us to harness our innovation capability and international competitiveness."  

Mr Mitra-Kahn says IP Australia is working to improve the quality of data to inform decision making and policy development.  

“Through our on-going research, we are aiming to answer key questions around IP and economic impacts."  

The release of the Australian Intellectual Property Report 2014 coincided with World Intellectual Property Day celebrated on 26 April each year.  News_Intellectual property report released

Click here to view the report 

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