Industry Analysis & Industry Trends
The Intellectual Property Leasing industry plays a vital role in the Australian economy. Operators lease their intellectual property (patents, trademarks and other intangible property) to businesses in exchange for royalties or licensing fees. Businesses then use the intellectual property to create a range of products and services. The industry's major market is manufacturing firms, such as chemical and pharmaceutical manufacturers, which lease patents and other intellectual property on new medicines and other chemical products to avoid the costs associated with research and development (R&D).
Over the five years through 2015-16, industry revenue is expected to grow by an annualised 1.7% to total $2.0 billion, with growth of 2.4% forecast for the current year... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are relatively low and the trend is expected to be steady. Because this industry deals specifically with the leasing of patents and not the actual creation of the resulting products, capital costs are relatively low. Most research and development (R&D) occurs in the upstream level. For example, a company that operates in the Pharmaceutical Product Manufacturing industry may have an R&D department where new drugs are developed and patented. However, the actual leasing of the patent does not include R&D expenditure and simply deals with generating revenue from the licensing of a patent to another firm. As a result, the level of technological change in the industry is low, as leasing intellectual property does not require specialised equipment... purchase to read more