Australian patent filings led by gambling and drinks companies

Joseph Brookes
Senior Reporter

Gambling and alcohol giants beat out Australia’s national science agency and universities in patent and trademark filings last year, as local filings fell and the nation remained overwhelmingly a “net importer” of technology.

Experts say the latest drop in local patent filings is due to a correction from record levels driven by COVID-19 and a law change last year. But a persistent reliance on foreign technological innovation has again drawn calls for a new approach.

New data showing the link between holding a patent and productivity, along with an Industry minister bullish on Australian ‘know-how’ is adding to the urgency.

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