The top three pieces of advice ex-Navy diver turned innovator Tim Lyons would give aspiring entrepreneurs on intellectual property (IP) would be: g
A patent is a right that is granted for any device, substance, method or process that is new, inventive and useful.
A patent is a legally enforceable right to commercially exploit the invention for the life of the patent.
Find out about the application process
A provisional application allows you to establish the filing date of your invention while you decide whether to continue the patenting process.
A standard patent gives you long-term protection and control over your patent for up to 20 years.
An innovation patent offers a much faster application process and gives you short-term protection and control over your patent for up to eight years.
A PCT application allows you to file one international application for one or more countries that are part of the Treaty (over 140 countries including Australia).
Maintaining your patent
Effective management of your patent is important to maintain its value. It is your responsibility to pay annual renewal fees and protect your patent against infringement.
Opposition and re-examination
If you believe an invention should not be patented you can file for opposition. You may wish to provide information that demonstrates a patent needs to be revoked or re-examined. You can also contest the ownership of an invention.
Pictured: innovators and former University of NSW (UNSW) graduates, Julian Chow and Alfred Boyadgis with their smart helmet system the Alpine F
10 February 2017
Public consultation closed on the draft Intellectual Property Laws Amendment Bill 2017 and the draft Intellectual Property Laws Amendment Regulation 2017
These changes are designed to align and streamline the processes for obtaining, maintaining and challenging IP rights.
3 February 2017
The World Trade Organization Agreement amended the Agreement on Trade-Related Aspects of Intellectual Property Rights on 23 January 2017.