The year of 2015 witnessed notable progress in China’s IP pledge financing. Some 2,000 enterprises secured 56 billion yuan with patent pledge all through the year.
According to the Patent Administration Department under SIPO, during the 12th FiveYear plan period, over 5,000 enterprises secured a total of 153.3 billion yuan with annual growth rate of 58%. For example, a Shijiazhuang-based heating equipment company secured a loan of 80 million yuan by pledging 6 patents, effectively easing the pressure on the company’s fund which triggered more R&D investment. Meanwhile, the recognition of financial institutions on patented products enhanced the popularity of products and the annual sales volume rose to 120 thousand from 16 thousand, with 360 million yuan in sales, up 650%.