The Federal Government’s 2014-15 Budget has been heralded as the catalyst for generational change within the Australian economy. A review of the programs and initiatives retained or established by the Budget reveals the Government’s intention – to move the Australian economy away from
its reliance on mining and low value-add manufacturing and towards industries that build on knowledge, innovation and entrepreneurship.
For the majority of business, intellectual property (IP), including patented technology, brand, designs, etc. is the key driver for success. In this Budget Brief, Griffith Hack analyses the key government initiatives that relate to the generation, protection and exploitation of IP and looks at how businesses can take advantage of these initiatives, in order to maximise the value of their investment in innovation.
Griffith Hack has been a member of Hargraves Institute since 2006 and hosts the Hargraves Commercialisation Group.