East China’s Jiangsu province reported year-on-year growth of 73.65% in intellectual property pledge financing in the first half of the year. Since the beginning of this year. Jiangsu has promoted the financing of intellectual property pledges to help enterprises turn patents into dividends.
The Jiangsu Provincial Intellectual Property Office has taken the promotion of intellectual property pledge financing as an important driving force to cope with the challenges caused by the covid-19 epidemic and help enterprises to solve difficulties by making inquiry into the needs of the local enterprises, organizing banks to match with the local enterprises, promoting the "Internet + intellectual property + finance" model, and carrying out an online registration pilot program to improve the efficiency of intellectual property pledge financing.
Wuxi-based Chuangxiang Analytical Instrument Co., Ltd.is one of the beneficiary companies. Focusing on the research and development, production and sales of analytical instruments, the company has invested 3 to 5 million yuan in scientific research every year, enabling it to possess more than 60 intellectual property rights such as invention patents. But the COVID-19 outbreak in the first half of the year disrupted its business development plans and strained its liquidity.
He Xuedong, Chief of Intellectual Property Section, Market Supervision Bureau, Liangxi District, Wuxi City
Gu Huihui, Deputy General Manager of Wuxi Chuangxiang Analytical Instrument Co., Ltd.
Statistics show that from January to June, the province registered 13.721 billion yuan of intellectual property pledge financing, a year-on-year increase of 73.65% by granting financing loan to 1,457 small and medium-sized enterprises.
87.02% of the enterprises benefited from inclusive loans of less than 10 million yuan, and 1,040 enterprises obtained financing through intellectual property rights for the first time.
Zhu Yu, Deputy Director of Intellectual Property Service Division of Jiangsu Intellectual Property Office
