This new resource is crucial in expanding the take up of Australian research breakthroughs.

The Source IP digital marketplace will be an online match-making service for industry-university collaboration.

It will enable businesses to look through all the intellectual property patents held by universities that could help to improve their products, services or productivity.

Every Australian university has listed their patents on the new Source IP site, making it a comprehensive searchable source of Australia’s university-held patents. It also notes which ones can be licensed.

Universities Australia welcomes the launch of Source IP today by the Assistant Minister for Innovation Wyatt Roy.

Universities Australia Chief Executive Belinda Robinson said universities were keen to ensure the widest possible access to their ground-breaking research.

“Every single one of our member universities has signed up to share their information on this site. This highlights the fact that Australian university researchers are seizing opportunities to work with business,” she said.

“Source IP is a great initiative by IP Australia. It removes a key barrier for business in collaborating with universities, ending the problem of not knowing what IP is available and who to contact about a patent.

“Of course, this is only the beginning. We all have a part to play in making the site a success. We need to get the word out to businesses across Australia not only about this site, but also about the great benefits from partnering on research and innovation,” she said.

Close collaboration between universities and business is crucial if we are to translate extraordinary Australian discoveries into new products and services.

These partnerships contribute directly to Australia’s future productivity and prosperity.

The website can be searched at: http://sourceip.ipaustralia.gov.au