In recent days, the sanya city market supervision authority (the sanya city intellectual property authority) has signed a strategic cooperation agreement on intellectual property insurance with the sanya sub-company for pers. This is a microcosm of my government's continued promotion of intellectual property insurance。
The recently issued circular of the national intellectual property agency on speeding up the implementation of intellectual property policies for the sound and healthy development of the economy states that there is a need to work together to support msme financing with good intellectual property pledge。
In terms of the business model, the conversion of “know-how” into “assets” in order to take stock of intellectual property rights has been strongly supported by governments. In the view of industry, the growing intellectual property insurance market requires gradual marketization and activating the insurance enthusiasm of the subjects concerned。
Bestlawyer, co-founder of bestlawyers, li shiho, stated to the journalist of securities that intellectual property insurance not only guarantees the legal and economic costs of insured persons who have suffered an infringement of their own intellectual property rights or an infringement of the intellectual property rights of others, but also enables them to live up to their role in intellectual property pledge financing and helps small and medium-sized enterprises to solve their financing challenges。
From the perspective of the need for safeguards, according to the annual report of the intellectual property tribunal of the supreme people's court (2021), the number of new technology-type intellectual property and monopoly cases in the courts increased by 36. 4 per cent in 2021。
In 2020, a three-year pilot of intellectual property insurance began in beijing, involving patent enforcement insurance and patent tort loss insurance. According to data from the beijing intellectual property authority, over the past two years of piloting, there have been 20 single manufacturing champions and 312 priority msmes in beijing, and 3,366 patents in more than 20 priority industries have been insured. In 2022, insurance companies piloting intellectual property insurance in beijing increased their insurance coverage on the basis of pre-existing financial insurance。
According to li, changes in insurance companies from “1” to “2” mean that intellectual property insurance is gradually beginning to be “marketed” and that market-based reforms are necessary to become a major intellectual property insurance market。
According to li, intellectual property insurance initially requires government guidance and support for a number of reasons, such as the weak awareness of enterprises about intellectual property insurance and the generally high risk of technology-based enterprises, the presence of “sick insurance” in some enterprises and the caution of insurance companies with regard to large-scale promotion of intellectual property insurance. At the same time, there is a lack of complex talent in the areas of intellectual property and insurance, and there is insufficient data accumulation on insurance coverage. On this basis, bestlawyers joint insurance actuary, lawyers, data engineers and others have jointly developed the patent insurance smart pricing nuclear insurance system, which aims to address the “pricing difficulties, nuclear risks” in patent insurance operations。
From the point of view of the need for intellectual property pledge financing, in 2021 the national patent and trademark pledge financing amounted to $309. 8 billion, of which up to $10 million in inclusive loans reached 11,000 businesses, or 71. 8 per cent of the total number of enterprises. In the first half of this year, the national mortgage on patent trademarks amounted to $162. 65 billion, an increase of 51. 5 per cent over the previous year。
In the case of chenjiang, for example, the city leveraged “government finance promotion + service management + bank loans + insurance protection + assessment of new models of intellectual property mortgage financing services” to leverage additional capital flows to the area of science, technology and innovation. As a technocratic enterprise, the company produces patents on inventions every year, obtaining loans of $8. 8 million in 2020 and $10 million in 2021。
Mr. Li stated that the involvement of banks in sme mortgage financing was mainly a matter of two concerns: the difficulty of assessing ip pledges, which usually required recourse to third-party institutions; and the weak resilience of smes themselves to risk. There is therefore a need to strengthen cooperation on intellectual property insurance and other financial products, combining the security and financing needs of enterprises through a market-based approach。
