Dr. Ben Mitra-Kahn, Chief Economist at IP Australia, challenges the established view according to particular OECD statistics and rankings, that Australia is not very good at university-industry collaboration. This also runs contrary to the views of Innovation and Science Australia, the agency charged with developing a plan for Australia’s innovation prosperity through to 2030.
Ben’s argument is that the OECD’s understanding stands in contrast to the actual experience in Australia, for universities, industry and government when you examine joint patent application data. This IP data (patents, trademarks, design rights etc.) tells you what people are filing for rights protection and with whom they are partnering. This presentation focussed on presenting data from joint patent applications which is reported in the annual National Innovation Systems Report from the Department of Industry, Innovation and Science.
Why is this important?
Ben referenced research that shows firms that collaborate with research institutions are three times more likely to experience productivity growth. Ben argues when compared to universities internationally Australia’s performance compares very well with highly innovative and countries such as South Korea and Israel. Finally, Ben suggests the IP data demonstrates that joint patent applications between universities and industry are actually increasing in Australia.
Watch his presentation below:
This blog is part of the LBS Innovation Series, developed by Dr Mark Cloney, Professor of Practice in Economics in the La Trobe Business School. The series was developed after the successful National Innovation Forum organised by La Trobe Business School, NORTH Link and Deloitte Consulting P/L.
More blogs in the LBS Innovation Series:
- LBS Innovation Series: Introduction
- LBS Innovation Series: Universities’ engagement with industry
- LBS Innovation Series: A start-up science story
- LBS Innovation Series: Think big or go home
- LBS Innovation Series: Welcome to the 4th Industrial Revolution
- LBS Innovation Series: How can universities strengthen firms’ innovative ability?
- LBS Innovation Series: Melbourne Innovation Centre – A case study in innovation
- LBS Innovation Series: The critical factors that determine why start-ups succeed (and fail)
- LBS Innovation Series: An eco-system, satellites and stage