On Monday 23rd November Assistant Minster of Innovation, Wyatt Roy, hosted the official launch of ‘Source IP’- Australia’s new digital intellectual property marketplace.

Mark Roberts (partner and Australian Councilor of FICPI) and Michael Caine (partner and Councilor of IPTA) attended the launch at Parliament House in Canberra on behalf of IPTA and FICPI. Mark said “Source IP will help to connect researchers with industry – a key aspect of the innovation process that we have so far not been very good at in Australia.”  

Why ‘Source IP’ has been created

Research has shown that Australian businesses that engage in collaborative innovation with research organisations are 242% more likely to report increases in productivity. 

However, despite the clear advantages associated with collaborative innovation, Australia is falling behind. In 2014 Australia was ranked 81 out of 143 countries on how effectively we produce returns from research, ideas and innovation. Amongst the reasons identified for this was the insufficient transfer of knowledge between the research and business sectors. 

With this background in mind IP Australia have developed Source IP as a digital marketplace for sharing information, indicating licensing preferences and facilitating contact for Intellectual Property generated by the public research sector in Australia.

What is ‘Source IP’ 

Source IP’ is a free one stop digital market place specifically aimed at making it easier for Australian businesses, including small business to access public sector innovation and technology. Source IP will strengthen the aims of Australian Government's Industry Innovation and Competitiveness Agenda - particularly the focus on boosting collaboration between science and industry. 

Check out the one stop digital IP market place here: http://sourceip.ipaustralia.gov.au/  

Click here to view a short video on how ‘Source IP’ works.