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.
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