Key Insights from The Australian IP Report 2024

Time:2024-11-15

Source: Wynnes Patent and Trademark Attorneys

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Jurisdiction:Australia

Publication Date:2024-11-15

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Key Highlights

Resilient Domestic Filings: Trade mark applications increased by 7.2%, with Australian resident filings growing by 9.8%. Design rights saw an 11.5% increase, hitting record highs, showcasing a strong culture of innovation despite global economic challenges.


Clean Energy Leadership: Australia has become a key destination for clean energy technology patents, ranking as the second-fastest-growing market globally for clean energy generation and storage innovations. This highlights opportunities for collaboration in sustainable technology.


International Filing Trends: Applications from the United States, China, and Europe continued to dominate foreign filings in Australia, while Australian applicants increasingly filed internationally, particularly in the United States, China, Europe, and New Zealand. This demonstrates strong global engagement by Australian innovators.


Simplified Trade Mark Filings: IP Australia’s adoption of the Madrid Goods and Services list aligns trade mark classifications with international standards, making it easier and faster for overseas applicants to file in Australia.


Global Recognition for Innovation: IP Australia’s ranking as the world’s third most innovative IP agency underscores its commitment to advancing technology, streamlining processes, and enhancing the client experience.