Friday, Mar 6, 2015Friday, Mar 6, 2015

Singapore SMEs can now use IP assets as collateral for bank loans

Published on Apr 8, 2014 11:33 AM

SINGAPORE - Companies with significant intellectual property (IP) assets can soon use them as collateral to obtain bank loans.

A $100 million dollar IP financing scheme was launched on Tuesday to help local small and medium-sized enterprises (SMEs) use their granted patents as collateral for bank loans.

Under the scheme, companies can get their IP assets valued by a panel of professionals.

The valuers will determine the worth of the IP, which will help banks to decide the quantum of loans that can be granted to the firms.

If you are not a subscriber, you can get instant, unlimited access here