Managing and commercialising intellectual property in universities and publicly funded research organisations

Innovation is the primary driver of economic development. Its importance is increasing as Australia moves from a resource-based economy to one focused on the management and application of new knowledge. The leading research conducted at Australian universities and research institutes is an important source of new knowledge and inventions to fuel the developing innovation economy.\nIP management in publicly funded research organisations is critical to the development and growth of the innovation economy. This paper reviews a Victorian Government project to help strengthen the performance of universities and research institutes in identifying valuable intellectual property and protecting it appropriately to facilitate commercial exploitation.