Daren Tang: "Intangible assets as collateral for business financing"
A plan to promote the use of intellectual property as collateral for loans. For Italian SMEs, a new financing channel could open up, one that recognises the value of ideas...
The World Intellectual Property Organization (WIPO) is exploring a plan to promote the use of intellectual property as collateral for loans, which could open up a new financing channel for Italian SMEs. WIPO's Director-General, Daren Tang, recently met with Italian institutional representatives and discussed the initiative with Confindustria, the Italian Confederation of Industry.
A study by Luiss Business School, which has collaborated with WIPO since 2023, will help identify areas where Italy can develop its intellectual property financing market. The goal is to help innovative entrepreneurs access financing by leveraging the value of their ideas and creativity, not just their physical assets.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
