In order to address the difficulties of depositing intellectual property rights in technology-based small and medium-sized enterprises in wuhan and to improve and accelerate the advance of intellectual property pledge financing, recently the wuhan city markets regulatory authority (the city intellectual property authority) organized a seminar on assessing intellectual property rights in conjunction with the provincial asset assessment association, which took into account the advice of banks and intellectual property assessment bodies and helped to increase the volume of intellectual property loans。
The current challenges of intellectual property pledge lending were explored, and norms for assessing intangible assets of intellectual property were developed to better advance intellectual property lending as a next step in seeking joint efforts to contribute to the growing scale of intellectual property pledge lending。
The representative of the wuhan rural commercial bank described the bank as the first bank in wuhan to carry out intellectual property pledge loans, the highest amount of loans, and difficulties in evaluating loans and making them difficult to realize, leading to cautious bank actions. It is hoped that there will be more initiatives to reassure banks about lending。
A pledge of intellectual property is known to be a new form of financing that differs from the mortgages of traditional immovable property and is particularly popular with light assets, start-ups and innovative technology enterprises through loans such as high-quality patents, trademarks and so forth。
Since 2008, wuhan has been implementing intellectual property pledge loans, which now total over 8 billion yuan. By 2020, for the first time, the amount of intellectual property pledge loans had exceeded 1 billion yuan, benefiting more than 100 innovative enterprises that year. Owing to the characteristics of the intangible, proprietary and other aspects of intellectual property rights, the corresponding pledge loan has certain difficulties in assessing, disposing of, and controlling risk。
In 2019, wuhan created an innovative intellectual property pledge financing model, setting up a $20 million financial risk compensation fund to directly compensate banks for overdue loans, together with a policy of fiscal subsidies for interest on loans and insurance premiums。
The head of the promotion unit of the municipal intellectual property authority said that, in the next step, innovative initiatives would be made to reduce further the mortgage on the intellectual property of wuhan, optimize the business environment and extend the benefits of “paper money” to more innovative smes。
