Intellectual Property Scorecard

Innovation – the generation and successful exploitation of new ideas – is a key process enabling businesses to compete effectively in the competitive global environment. 

Intellectual Property (IP) protection is a legal framework to enable individuals or organisations to protect these new ideas by providing enforceable, exclusive rights to the IP. IP-based indicators are used to measure innovative activities, because they reflect inventive performance, and can contribute to our understanding of innovation and economic growth. However, international comparisons are difficult due to differences in industry classifications, methods of counting, and reporting methods, used by different jurisdictions.

The IP Scorecard uses data obtained from IP Australia, the US Patent and Trademark Office, and the European Patent Office, and reconciled to allow international comparisons to be made.

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