Knowledge Economy the focus of IP seminar

16 March 2015

Opening the World Intellectual Property seminar Parliamentary Secretary for Industry and Science Karen Andrews said intellectual property was often a business’s major asset, because it was about what they did and what distinguished them from their competitors.

“We owe much of our quality of life to creations of the mind,” Mrs Andrews said.

“The Australian Government recognises this and this is why we are committed to a well-functioning intellectual property system - one that fosters innovation and encourages the flow of ideas and technology across borders.

“As the Australian Government implements its Industry Innovation and Competitiveness Agenda we expect more Australian businesses to draw on the knowledge-base of our science and research community to boost their global competitiveness.

“Today we have a terrific opportunity in Brisbane to expand our understanding of global intellectual property trends and learn about recent developments in technology and processes,” Mrs Andrews said.

This seminar is the last in a series of presentations this year in Australia that has already taken the senior WIPO experts to Melbourne and Sydney - and also New Zealand.

“As the Australian economy transitions to a high-tech, high value-add, knowledge-based economy, greater awareness of the benefits of the IP system and implications for trade opportunities will become imperative.

“It is, however, reassuring that Australian businesses have a good track record of recognising the synergies between intellectual property and international trade,” Mrs Andrews said.

In 2013, over 16,000 Australian trade mark applications were filed abroad and more than 9,000 patent filings were lodged abroad by Australians. Patent applications filed abroad in 2013 increased 3 per cent compared with 2012.

“This demonstrates the capacity of Australian companies to be strategic in using the IP system to protect their rights in international markets,” Mrs Andrews said.