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Brief
On January 07, 2025, the "IP Australia" issued an update regarding "Australian IP Report 2025: SMEs with a deliberate IP strategy deliver more innovative solutions". The report highlights how small businesses are taking advantage of flexibility in Australia's intellectual property system to deliver more innovative products, citing recent research showing that a business's first patent grant generates higher productivity, more jobs and better wages. Small businesses are establishing patent claims, then strategically extending application timeframes as they seek resources to further their innovation programs.
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