Government grants & incentives to power up your business

For early stage companies, a government grant or tax offset can sometimes be the difference between keeping the lights on or shutting down. This may sound dramatic, but for some emerging companies without full investment funding, this is a reality. It is therefore important to stay informed and avoid missing out on funds you may be entitled to. In Australia, …

Wrays Industry Insights, Insights

Flogging a Dead Horse – Fintech Patenting

The Australian financial sector is the single largest contributor to the national economy. New ways to legally organise, distribute, invest and hide funds so that profits are maximised, whilst minimising taxation and associated risks, has been popular since people started using coinage and other symbolic value representations for trade. With so much money in the financial sector – and with …

Wrays Industry Insights, Insights

Freedom to operate searches

A strong knowledge base can give you a real edge over the competition, but are you taking advantage of all the available information streams? Freedom to operate searches are an extremely useful, yet chronically underutilised, tool for gathering information. FTOs are like reconnaissance missions, allowing you to scope the field of development and your competitors. Used effectively, they provide guidance …

Wrays Industry Insights, Insights

A double-whammy for Australian distributors? Parallel importing and infringement threat damages changes

Parallel importing defence expanded It is now easier to import ‘genuine’ branded goods into Australia without infringing the trade marks relating to that brand. In our flagship magazine, The Gatherer, we let you know about an upcoming Act which will make significant changes to Australia’s parallel importation laws. As of 25 August 2018, the parallel importation provisions of that Act …

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Patent Applicants- Who are the drivers in Australia?

In 2017, there were 28,905 standard patent applications in Australia, through either direct patent applications or the Patent Cooperation Treaty (PCT), which allows applicants to file a single patent application in multiple countries. This shows a gradual upward trend of about nine percent over the past decade. However, while patent applications have grown it’s been driven by non-resident filings. Applications …

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Geographical Indication- IP Australia Report

What do the Byron Bay Chilli Company, Classic Tasmanian Smoked Salmon, Margaret River Olive Company, Certified Australian Angus Beef, and Château Tanunda Grand Barossa all have in common…besides being fantastic ingredients you should probably have on your shopping list for your next dinner party? They all utilise geographical indication (GI) in their names and trade marks filed with IP Australia. …

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Who is the main driver of IP growth?

According to the latest IP Australia report, applications for patents, trade marks and design rights in Australia all grew in 2017. Trade marks even reached a record peak. Sounds like good news. However, the main driver of this growth was from overseas (or non-resident) applicants. In fact, trade mark filings by non-residents increased by 25 percent and design filings by non-residents increased by 9 …

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Research – The Positive effects on Commercialisation

The 2018 IP Australia report (Chapter 6) reviews two separate studies that show “public funding of research has a positive and statistically significant impact on patent production, with the impact being stronger for collaborative grants.” This is an important finding because – as the IP Australia report notes — patenting activity is an indicator of the commercialisation potential of research …

Wrays Industry Insights, Insights