IP Australia, the body governing IP in Australia, has released its 2016 Intellectual Property Report.

The report aims to promote awareness of IP rights and discuss the latest IP statistics.

The report shows that in 2015:

  • patent applications grew by 10 per cent with 28,605 standard patent applications
  • a record number of trade mark applications were received (73,188), a growth of 14 per cent
  • design applications were the highest for any single year on record (7,024)
  • applications for plant breeder’s rights hit a five-year peak, with 359 applications received.

These statistics show the continued importance of intellectual property for businesses across the board, with 21 per cent of Australian businesses reported having protection for their IP.

IP Australia has also led three initiatives this year: the Patent Analytics Hub, Source IP and the open data project, IPGOD. In particular these initiatives have sought to facilitate collaboration between business and the research sector, in line with government priorities.

To read the report click here.