Following legislation changes, on Thursday 27 February 2020, IP Australia announced that it will no longer accept new innovation patent applications from 26 August 2021. The death of the innovation has been a protracted affair, so this decision by IP Australia was not unexpected.
Patents are filed for a number of reasons, whether it be offensive or defensive. But, at some point, there should have been a commercial decision to file a patent to protect an invention that has resulted from research and development (R&D).
Most, if not all, organisations unknowingly develop confidential information including trade secrets. Take, for example, a courier who learns that, at a particular time of day, it is best to take a certain route to avoid traffic.
Since we first sent objects into space, rockets have been used for the transportation of space objects. These first rockets were complex, costly, single-use, and had high failure rates. At the time, these issues were overlooked by space agencies in the race to get into space.
One of the most exciting developments in recent years is the rapid and accelerating commercialisation of space which has a seen a transition away from government-led projects towards private enterprise.