Singapore will risk-share loans backed by patents as collateral in a pilot financing scheme that will open up S$100 million ($79.6 million) to support local businesses, the government has announced.
The intellectual property financing scheme is one of two initiatives that the Intellectual Property Office of Singapore (IPOS) launched on April 8 as part of the nation’s ongoing effort to turn itself into a global IP hub. The second initiative, called IP 101, is a one-stop service center where local businesses, innovators, and creators can get help with their IP needs.
“Singapore businesses can grow through exploiting new ideas,” Indranee ...
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