Commercialisation
Commercialising innovations is at the heart of the red meat industry’s future and the success of the strategy helps bring sustained growth and competitive advantage. Our successes bring benefits to all sectors of the industry and community, such as:
- Improved industry profitability
- Environmentally sustainable industry practices
- Meaningful and productive employment
- Regional development opportunities
MLA’s intellectual property ownership strategy and adoption methodology varies from project to project to ensure that the most efficient and appropriate path is selected to maximise the benefit to the Australian red meat industry.
The commercialisation of the outcomes of research and development (R&D) is one mechanism that MLA employs to extract value from the industry’s investment in R&D.
MLA recognises and values the key role our partners play in delivering innovation benefits to industry, however it is important that our partners and stakeholders understand our drivers for commercialisation and in recognition of this, MLA has developed a number of guiding principles that form an integral part of any agreement that MLA enters into.
Further Information