Patent hypothecated loan service available in Nanyang

Patent hypothecated loan service available in Nanyang

2018/8/24

Starting this year, the Nanyang Intellectual Property Administration will be providing patent hypothecated loans for medium and small-sized enterprises to help resolve financing difficulties.
The administration's work on patent pledge financing proved productive over the first half of the year, as it has formed a long-term cooperative channel for intellectual property rights evaluation, pledges, banking, and enterprise docking and participation. It has successfully established a financing platform.
So far, four enterprises have successfully received 24 million yuan ($3.49 million) from the Bank of China in patent pledges, among which Nanyang Green Photoelectric Science and Technology Co obtained 6 million yuan, Henan Huibo Medical Co obtained 10 million yuan, Henan Jinhai Biotechnology Co obtained 5 million yuan, and Henan Huatai Building Material Co obtained 3 million yuan.
Li Heng, intellectual property manager of Huibo Medical, said that the new loan type will help the company obtain intangible assets.


Source: China Daily




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