Sector missing out due to poor IP management

摘要

Intellectuai property assets represent a significant proportion of the capital value of a company. So, the poor IP practices of many Australian resource companies are exposing them to considerable risk. It is also negatively impacting on their profits, as commercial opportunities are not being realised. In fact, many Australian mid-tier and junior resource companies are lagging behind their international counterparts when it comes to formally protecting their IP (see accompanying table). One of the primary reasons for this attitude towards IP protection appears to be Australian companies underestimating the value and importance of proprietary IP to their businesses.