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Hebei promulgates measures on patent pledge loans

In order to broaden the financing channels for enterprises, implement intellectual property strategy, promote the industrialization of patent technology, strengthen independent innovation and boost the construction of innovation-oriented Hebei, Hebei Provincial Department of Science and Technology, Intellectual Property Office, Financial Office, Department of Finance and the People's Bank of China jointly instituted "Interim Measures of Hebei Province on the Management of Patent Right Pledge loans" (hereinafter referred to as "Measures").
  
The "Measures" is divided into 6 chapters and 28 items including the meanings, conditions , use, amount, interest rate and duration, application procedures, loan management and related support policies of patent pledge loans, which puts forward the guidance for the financing institutions and S&T and IP management departments to effectively implement patent pledge loans.

The introduction of "Measures" is a new breakthrough in the combination of technology and financial policy and an important measure on financial innovation serving for technological innovation; it is useful for the construction of Hebei' s modern industrial system, as well as promoting the rapid development of S&T SMEs, enhancing market competition, expanding the bank credit channels, broadening the business ranges of evaluation, guarantee and venture capital institutions, and it has significant meanings to the government, financing institutions, enterprises and agencies.
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