The Innovation Review Panel yesterday released the Review of Australia’s National Innovation System. A number of recommendations are made such as supporting enterprise in business and tax incentives for research and development. The report made several recommendations with respect to intellectual property. These included that intellectual property should be managed as a facet of economic policy; and also that the threshold of inventiveness required for the filing of new patents be raised, contending that a low threshold of inventiveness actually impedes innovation (at 84). Senator Kim Carr, Minister of Innovation, Industry, Science and Research said that the government will release a response by the end of the year. View the Review and Senator Carr’s press release.

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