Hong Kong government to launch IP-backed finance ‘sandbox’ to help IP-rich firms raise finance, will promote IP as collateral

In his annual policy review of Hong Kong government plans, John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region, said the SAR would “push forward measures in IP financing, valuation and protection, and strengthen external promotion to boost IP trading.”

In his speech, he explained that the SAR’s Commerce and Economic Development Bureau (CEDB) and the Intellectual Property Department (IPD) will work with the Hong Kong Monetary Authority (HKMA) “to launch an IP financing sandbox to assist pilot sectors (particularly the technology sector) in leveraging IPs for financing with the support of the banking, insurance, valuation, legal and other professions.”

He added that once the Hong Kong Technology and Innovation Support Centre (HKTISC) is fully operational – which should be by the end of 2025 – it will be tasked with “providing local small and medium I&T enterprises with patent evaluation based on national standards, and launching a two-year pilot programme to subsidise patent valuation as a reference for credit financing.”

HKTISC was established under the oversight of the Hong Kong Productivity Council (HKPC) by the China National Intellectual Property Administration (CNIPA) and the World Intellectual Property Organization (WIPO) as part of the WIPO Development Agenda.

This will see TISCs established around the world to support researchers and innovators at different stages of the innovation cycle by providing them with advisory services covering areas such as patent search analysis, IP management, and IP commercialisation.

HKTISC will focus on providing local start-ups and small and medium enterprises with high-quality IP (especially patents) information and services to assist them in exploring their innovation potential and creating, protecting, managing and commercialising their IPs, with a view to protecting research and development outcomes and promoting IP trading.

Photo by Dan Freeman on Unsplash

In his annual policy review of Hong Kong government plans, John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region, said the SAR would “push forward measures in IP financing, valuation and protection, and strengthen external promotion to boost IP trading.”

In his speech, he explained that the SAR’s Commerce and Economic Development Bureau (CEDB) and the Intellectual Property Department (IPD) will work with the Hong Kong Monetary Authority (HKMA) “to launch an IP financing sandbox to assist pilot sectors (particularly the technology sector) in leveraging IPs for financing with the support of the banking, insurance, valuation, legal and other professions.”

He added that once the Hong Kong Technology and Innovation Support Centre (HKTISC) is fully operational – which should be by the end of 2025 – it will be tasked with “providing local small and medium I&T enterprises with patent evaluation based on national standards, and launching a two-year pilot programme to subsidise patent valuation as a reference for credit financing.”

HKTISC was established under the oversight of the Hong Kong Productivity Council (HKPC) by the China National Intellectual Property Administration (CNIPA) and the World Intellectual Property Organization (WIPO) as part of the WIPO Development Agenda.

This will see TISCs established around the world to support researchers and innovators at different stages of the innovation cycle by providing them with advisory services covering areas such as patent search analysis, IP management, and IP commercialisation.

HKTISC will focus on providing local start-ups and small and medium enterprises with high-quality IP (especially patents) information and services to assist them in exploring their innovation potential and creating, protecting, managing and commercialising their IPs, with a view to protecting research and development outcomes and promoting IP trading.

Photo by Dan Freeman on Unsplash

In his annual policy review of Hong Kong government plans, John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region, said the SAR would “push forward measures in IP financing, valuation and protection, and strengthen external promotion to boost IP trading.”

In his speech, he explained that the SAR’s Commerce and Economic Development Bureau (CEDB) and the Intellectual Property Department (IPD) will work with the Hong Kong Monetary Authority (HKMA) “to launch an IP financing sandbox to assist pilot sectors (particularly the technology sector) in leveraging IPs for financing with the support of the banking, insurance, valuation, legal and other professions.”

He added that once the Hong Kong Technology and Innovation Support Centre (HKTISC) is fully operational – which should be by the end of 2025 – it will be tasked with “providing local small and medium I&T enterprises with patent evaluation based on national standards, and launching a two-year pilot programme to subsidise patent valuation as a reference for credit financing.”

HKTISC was established under the oversight of the Hong Kong Productivity Council (HKPC) by the China National Intellectual Property Administration (CNIPA) and the World Intellectual Property Organization (WIPO) as part of the WIPO Development Agenda.

This will see TISCs established around the world to support researchers and innovators at different stages of the innovation cycle by providing them with advisory services covering areas such as patent search analysis, IP management, and IP commercialisation.

HKTISC will focus on providing local start-ups and small and medium enterprises with high-quality IP (especially patents) information and services to assist them in exploring their innovation potential and creating, protecting, managing and commercialising their IPs, with a view to protecting research and development outcomes and promoting IP trading.

Photo by Dan Freeman on Unsplash

In his annual policy review of Hong Kong government plans, John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region, said the SAR would “push forward measures in IP financing, valuation and protection, and strengthen external promotion to boost IP trading.”

In his speech, he explained that the SAR’s Commerce and Economic Development Bureau (CEDB) and the Intellectual Property Department (IPD) will work with the Hong Kong Monetary Authority (HKMA) “to launch an IP financing sandbox to assist pilot sectors (particularly the technology sector) in leveraging IPs for financing with the support of the banking, insurance, valuation, legal and other professions.”

He added that once the Hong Kong Technology and Innovation Support Centre (HKTISC) is fully operational – which should be by the end of 2025 – it will be tasked with “providing local small and medium I&T enterprises with patent evaluation based on national standards, and launching a two-year pilot programme to subsidise patent valuation as a reference for credit financing.”

HKTISC was established under the oversight of the Hong Kong Productivity Council (HKPC) by the China National Intellectual Property Administration (CNIPA) and the World Intellectual Property Organization (WIPO) as part of the WIPO Development Agenda.

This will see TISCs established around the world to support researchers and innovators at different stages of the innovation cycle by providing them with advisory services covering areas such as patent search analysis, IP management, and IP commercialisation.

HKTISC will focus on providing local start-ups and small and medium enterprises with high-quality IP (especially patents) information and services to assist them in exploring their innovation potential and creating, protecting, managing and commercialising their IPs, with a view to protecting research and development outcomes and promoting IP trading.

Hong Kong government to launch IP-backed finance ‘sandbox’ to help IP-rich firms raise finance, will promote IP as collateral

Read Recent Articles