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Wool Stocktake : Annual Report 2006-07
INTELLECTUAL pROpERTY Intellectual Property (IP) generated through AWI funded research and development is an important company asset. AWI’s primary objective is to apply its IP for the maximum beneﬁt of Australian woolgrowers, which requires its rapid and widespread adoption or commercialisation. While revenue from IP is not the ﬁrst priority for AWI in this area, when projects do generate revenue AWI expects to receive royalties in proportion to its investment. Royalty income contributed just under $286,000 to AWI’s balance sheet in 2006/07. AWI, acting solely or jointly with various research partners, lodged or acquired six patents, seven trademarks and three registered designs during 2006/07. (A table of registered IP owned by AWI, or in which AWI has an interest, is included as Appendix C.) It is at the point where AWI’s IP is delivered to the market that Australian woolgrowers get the most beneﬁt. During 2006/07, AWI signed eight commercial contracts with industry and commercial entities for use of its IP. The following is a summary of some of the objectives of these commercial contracts: –Application of AWI’s package of know-how related to Natural Easy Care in men’s and ladies’ apparel; –Continued research, development and exploration of the commercial potential of a semi-synthetic material using an AWI patent; –Provision of content sources from the wormboss.com.au website on other industry-related sites in New Zealand; –Further development and commercialisation of the heated garment system; –Application of AWI’s Merin02 trademark on certain apparel goods; –Inclusion of AWI-owned ﬁlm footage in industry-related training ﬁlms; –Application of AWI’s Australian Merino trademark on a range of speciﬁed goods; –Further development and commercialisation of a pre-sale test for dark and medullated ﬁbre.
AWI Annual Report 2007-08