Lately, Guangxi Intellectual Property Office respectively signed strategic cooperation agreements on SME IPR financing service with Guangxi Branch of Bank of Communications and GUANGXI BEIBU GULF BANK CO., LTD., which is the first time for Guangxi IPO to sign IPR financial service cooperation agreements with commercial banks aiming to support SMEs’ innovation and development and indicates the patent pledge loan work in Guangxi developed into a new stage.
The two sides will cooperate on the following five aspects. First, recommend high grade customers and give priority to the recommended enterprises in financial service provision with the same condition; second, set up timely and effective information exchange mechanism, build a database to collect IPR subsidiary service demand information and gather enterprises’ operation; third，develop IPR protection work for key IPR pledge. Once pledged patents are involved in infringement disputes, Guangxi IPO and the bank will provide countermeasures to safeguard the rights and interests of IPR holders and reduce pledge risks. Fourth, launch training on IPR financing service; fifth, set up a long term mechanism on IPR pledge loan, work out promotion plan and gradually set up IPR pledge loan risk management system.
According to the principal responsible for IPR work in Guangxi, the agreements set up a pledge loan platform for SMEs with IPRs to exploit financing means and enjoy swift loan examination.
（Source: IPR in China）
