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Navigating the IP Landscape Amidst Global Financial Crisis

Explore the impact of the GFC on IP in Australia, including trends in patent and trademark applications, country-of-origin data, revenue statistics, and future strategies. Discover insights for promoting ongoing innovation.

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Navigating the IP Landscape Amidst Global Financial Crisis

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  1. FICPI Australia Annual Conference “The Economic Climate and its Impact on IP in Australia” Saturday 29 August 2009 Sebel Manly Beach Hotel, Sydney

  2. Overview • Global Financial Crisis – The Impact on IP Australia • GFC and patenting activity in specific technology areas • Trends in relation to country of origin for new filings • Patent Application Rates • Trade Mark Application Rates • Abandonment statistics • How will IP Australia respond? • Our Priorities • The Future – Promoting Ongoing Innovation

  3. Global Financial Crisis - The Impact on IP Australia • IP Australia’s budget is 95% dependant on fees • Applications and renewals • GFC is leading to revenue decline • As expected, IP Australia has seen an overall downturn in applications since the GFC began • No compelling trends emerge from individual technology data • Changes in the volume and direction of individual technology data, although averaging downward, are generally erratic • This may owe more to the nature of ongoing projects than to the GFC

  4. Global Financial Crisis - The Impact on IP Australia • Trends in country-of-origin data do relate more clearly to the GFC • US especially hard-hit • yet most applications still come from the US and other top-ten countries of origin . . . • . . . while the remainder continue to be modest contributors • Expect the main countries of origin to remain the same, and the volume of applications to resume once the GFC begins to fade

  5. Global Financial Crisis - The Impact on IP Australia • Revenue from applications down • Trade marks – 09/10 is down 15% from 07/08 • Patents – 09/10 is down 10-15% from 07/08 • Revenue from renewals not declining to same extent • Renewal revenue will allow IP Australia to continue major projects • Overall decline is consistent with other IP offices

  6. Standard Patent Applications by Technology – Trends During GFC • Some individual sectors decreased substantially more than average • Greatest percentage decline in individual sectors, when comparing Oct 07 – July 08 to Oct 08 – July 09: • mechanical tools (down 33%) • macromolecular chemistry, polymers (down 32%) • Greatest absolute decline in individual sectors over these periods: • organic fine chemicals (down from 2318 to 1939) • biotechnology (down from 1173 to 906) • information technology (down from 1409 to 1145)

  7. Standard Patent Applications by Technology – Trends During GFC Standard Patent Applications by Technology – Trends During GFC

  8. Standard Patent Applications by Technology – Trends During GFC • Some individual sectors increased substantially more than average • Greatest percentage increase in individual sectors, when comparing Oct 07 – July 08 to Oct 08 – July 09 : • engines, pumps, turbines (up 20%) • general processes (up 6%) • Greatest absolute increase in individual sectors over these periods: • engines, pumps, turbines (up from 298 to 356) • general processes (up from 588 to 625) • telecommunications (up from 806 to 830)

  9. Standard Patent Applications by Technology – Trends During GFC

  10. Standard Patent Applications by Country of Origin –Trends During GFC • In comparison, the relatively few increases have been very modest • When comparing Oct 07 – July 08 to Oct 08 – July 09: • France, up from 602 to 609 • Netherlands, up from 501 to 508 • Russia, up from 8 to 19 • PRC, up from 159 to 178

  11. Standard Patent Applications by Country of Origin –Trends During GFC - Increases

  12. Standard Patent Applications by Country of Origin –Trends During GFC - Decreases

  13. Standard Patent Applications by Country of Origin –Trends During GFC

  14. Impact – Trade Mark Application Rates (by month)

  15. Impact – Trade Mark Application Rates (variation)

  16. Impact – Patent Application Rates (by month)

  17. Impact – Patent Application Rates (variation)

  18. Abandonment of patent applications

  19. Patent Application Lapses – Top 10 Countries

  20. Patent Application Lapses – United States

  21. Patent Application Lapses – Australia

  22. Patent Application Lapses – Germany

  23. Patent Application Lapses – Japan

  24. Patent Application Lapses – United Kingdom

  25. Renewals

  26. How will IP Australia respond? • Opportunity to reduce patent backlog • Invest in IT infrastructure • Including electronic communications and improved trade mark systems • New approach to quality • Move forward with conservative budget

  27. The Future – Promoting Ongoing Innovation • Vocational Education & Training Project • Raise IP awareness with Small to Medium Sized Enterprises (SMEs) • Ongoing support of existing products and services • IP Rights Reform – Details available via www.ipaustralia.gov.au

  28. Thank you Philip Noonan Director General IP Australia

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