Back in October of last year, US President Barack Obama stated in one of his weekly addresses that:
"Small businesses have always been the engine of our economy – creating 65 percent of all new jobs over the past decade and a half – and they must be at the forefront of our recovery,”It is trite to note that most large companies exhibit substantial inertia, and need to work hard to maintain innovative cultures, while many small-to-medium enterprises (SMEs) are inherently innovative. Yet in our experience the general level of sophistication of Australian SMEs when it comes to intellectual property management (identification, protection and strategic exploitation) remains, in many cases, alarmingly low.