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ARTICLE · 23 MAY 2024

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IP Australia releases 2024 Intellectual Property Report

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Discusses the latest IP statistics and explores links between innovation, collaboration and commercialisation.

AustraliaIntellectual Property
Yuchen Yao
Yuchen Yao
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IP Australia has released the twelfth edition of the Australian Intellectual Property Report 2024 (the Report) which presents key movements in IP statistics and explores the links between innovation, collaboration and commercialisation.

The Report presents and discusses the latest IP statistics across the range of categories administered by IP Australia, and is aimed at promoting awareness of IP rights. This year it also looks at two new areas of research – the correlation between patenting and an organisation's inclination to form partnerships that drive further development and investment, and evaluates the variation between patent scope in Australia, the EU and the US.

With innovation and increased IP filings as a key indicator of a healthy and competitive economic environment and outlook, it is positive to note that after a period of consistent decline and despite persistent inflation and interest rate rises, the number of Australian IP applicants increased in

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