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ARTICLE · 15 AUGUST 2012

IP management plan - who needs one?

Norton Rose Fulbright Australia
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The Australian Government Intellectual Property Manual will assist government agencies to plan for and manage IP assets.

AustraliaIntellectual Property
Frances Drummond
Frances Drummond
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First appeared in the July 2012 edition of The Canberra Times Public Sector Informant

"The old industrial era has been supplanted by a new knowledge based economy in which ideas and innovation have become the wellspring of economic growth and competitive business advantage."

From the opening chapter of Rembrandts in the Attic, a book written over 10 years ago, this quote is about using patents to drive economic growth in business. Since that time there has been a huge upswing in interest in Intellectual Property (IP) as a business asset which can be valued in the balance sheet.

Australia spends approximately 2.25% of GDP on research and development annually putting it in the top 15 countries in the world. Much of this research is conducted with Australian government funding or support.

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