Intellectual Property – help with impressing lenders
UK businesses can now benefit from a toolkit that can people understand and present the value of their Intellectual Property (IP) to potential lenders.
The toolkit aims to:
- help lenders and businesses talk the same language when understanding the value of IP
- encourage and guide businesses to document their IP assets ahead of any application for finance
- help businesses to develop more effective IP management and commercialisation strategies
- raise awareness of the wide variety of finance options available for IP-rich businesses
According to the Intellectual Property Office, UK firms invest more in ideas and knowledge than buildings and machinery, around £126 billion to £88 billion annually. Half of this investment is for protected intellectual property rights which represent 4.3% of UK GDP.
“Banking on Intellectual Property: IP finance toolkit” is accessible via the gov.uk website.