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Brief
On November 11, 2024, IP Australia issued an update regarding "Discover valuable insights into Australia's changing patents landscape". The two reports from IP Australia and the University of Queensland highlight the significant increase in patent-holding Australian firms over the past two decades. Findings show that SMEs lead the way in innovation, with younger firms and start-ups being more likely to file patents, indicating a shift towards specialist knowledge-suppliers generating IP acquired by larger firms.
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