IP applications show strong growth in Australian innovation
6 April 2017
New intellectual property (IP) application figures from IP Australia show Australia’s appetite for creating knowledge and pursuing ideas remains strong, underscoring the Australian Government’s innovation agenda.
Assistant Minister for Industry, Innovation and Science Craig Laundy said Australian residents continued to build on impressive 2015 patent application figures, with a 15 per cent increase in filings in 2016.
This increase came despite a 1 per cent drop in overseas patent applications filed in Australia last year, showing the growth is all home grown.
“In total, IP Australia received 28,394 patent applications in 2016, showing a healthy level of innovation,” Mr Laundy said.
“And trade marks were another IP right that stayed strong in 2016, with applications remaining steady and registrations up by 14 per cent from 2015 figures.”
Mr Laundy said this was complemented by global growth in other IP rights, with an 8 per cent increase in plant breeder’s rights filings, and 3 per cent for registered designs.
“A strongly innovative community underpins economic growth and building innovation is a fundamental pillar of the Australian Government’s National Innovation and Science Agenda.
“It’s impressive to see that IP filings continued to grow again in 2016 and that Australians played a major role in this. IP data has long been considered a key indicator of the strength of a nation’s innovation and I’m proud to see this trend in Australian innovation continues.” Mr Laundy said.
IP Australia is preparing its annual flagship publication, the 2017 IP Report, setting out a comprehensive overview of Australia’s IP system, providing analysis of IP collaboration between industry and universities and emerging IP trends. This year’s issue marks the report’s fifth edition.
Media contact: Mr Laundy's office 02 6277 4345
About IP Australia
IP Australia is the Australian Government agency that administers IP rights and legislation relating to patents, trade marks, designs and plant breeder's rights. They contribute to the innovation system more broadly by using their skills and experience to advise government and Australian businesses to make the most of their IP. Learn more at ipaustralia.gov.au