Dynamic Growth through IP Financing! Korean Intellectual Property Office Listens to On-Site Feedback from Top IP Financing Companies
GF Fermentech Co. Ltd. Achieves Growth in Sales and Operating Profit through IP-Backed Loans
The Korean Intellectual Property Office (KIPO) Commissioner Kim Wan-ki will visit GF Fermentech Co. Ltd. a bio-healthcare materials specialist company located in Bugang-myeon Sejong City on July 29 (Monday) at 2:30 PM as part of on-site corporate communication efforts.
This visit aims to share the outstanding achievements of companies utilizing IP-backed loans through KIPO’s IP Valuation Support Program and to explore ways to enable more innovative companies to smoothly secure funding by leveraging intellectual property (IP).
IP Financing and IP Valuation Support Program
IP Financing: Activities that allow companies to secure funding through collateral loans investments and guarantees based on their intellectual property (IP) such as patents.
In 2023 the scale of IP financing reached KRW 9.61 trillion with an average annual growth rate of 26.5% over the past three years.
IP Valuation Support Program: A program that supports part of the costs for evaluating the economic value of IP helping companies utilize IP for financing and commercialization.
Target: Small and medium-sized enterprises (SMEs)
Types: Support for IP financing (collateral guarantees investment) and IP transactions/commercialization
Last year GF Fermentech Co. Ltd. received IP valuation support from KIPO for its patents and secured a loan of KRW 1 billion. The company actively used the loan funds for operational expenses such as manufacturing costs achieving a 49.4% increase in sales and a turnaround to profitability in operating profit in the first quarter of 2024 compared to the same period last year.
KIPO Commissioner Kim Wan-ki stated IP financing is becoming a crucial funding tool for companies with excellent technology and added KIPO will continue to strengthen support to enable more innovative companies to grow using IP financing as a foundation.
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