Loans on intangible assets to be started after the Lunar New Year; financing by IP rights is hopeful

  To develop knowledge economy, this country will first launch loans pledged by intangible assets as security after the Lunar New Year.  The Small and Medium Enterprise Administration (“SMEA”), MOEA is currently making the plan. The scale of the 5^th stage of loans in the special case for assisting small & medium enterprises to fasten their roots is NT$50 billion and such money is subject to middle-and- long-term finance by the Council for Economic Planning and Development.  A new purpose of the loans is increased, i.e. the new technologies acquired by the small & medium enterprises to strengthen the operation complexion and to promote automatic and electronic hardware and software business facilities. The small & medium enterprise credit security funds will furnish security.  The SMEA will cooperate with the fourteen non-governmental institutes which offer IP technical services and have passed examination by the Taiwan Technology Marketplace upon commission by the Industrial Development Bureau. Five of the aforesaid institutes will be responsible for assessment of new technologies as the basis for banks to examine applications for loans.

  Loans on intangible assets have never fallen into the scope of business of local banks. Therefore, in addition to highlighting use of 80% of the security from the credit security funds, the system of technology assessment that hasn’t been set up formally will be started as well.                   

Translated by Joanne Lue