Move over Silicon Valley—China is rewriting the rules of tech finance! 🌏 The country logged a 57% surge in intellectual property (IP)-backed loans this year, hitting 419.9 billion yuan ($59 billion) by mid-2024. That’s faster than a TikTok trend going viral! 📈
Why does this matter? Imagine startups turning patents into cash—like Thomas Edison using his light bulb IP to fund General Electric in the 1800s. 💡 Fast-forward to today: China’s legal recognition of IP as collateral is fueling a modern gold rush for innovators.
🔬 Take notes from Moderna: The biotech giant leveraged its patents to fast-track COVID-19 vaccine development in 2020. Now, China’s startups are using similar tactics to leapfrog competition without selling physical assets. 🚀
Globally, IP-intensive sectors contribute up to 45% of GDP in major economies. With China accelerating this model, could this be the secret sauce for dominating AI, green tech, and biotech? 💼💻 The numbers suggest a resounding yes.
Reference(s):
cgtn.com