Minutes - TRIPS Council - View details of the intervention/statement

H.E. Ambassador Dagfinn Sørli (Norway)
Chinese Taipei
169.   In the knowledge economy era, IP plays a vital role in creating value and competitive advantages for enterprises. Not only can IP generate revenues through commercialization, but also it can provide funds for enterprises through licensing and being used as collateral for a loan to name a few. To encourage start-ups and SEMs to utilize their intangible assets for accessing finance, the "Statute for Industrial Innovation" was amended in 2017 to introduce a legal framework for the valuation of intangible assets. 170.   Since 2019, with the support of the government, through patented technology valuation (in terms of market analysis, technology assessment, legal issues, etc.) conducted by the Industrial Technology Research Institute (ITRI) as well as credit guarantees provided by the "SME Credit Guarantee Fund (SMEG)", more than ten intangible assets financing cases have been facilitated. To continue promoting IP financing, starting from 2020, the ITRI has further cooperated with the SMEG to assist SMEs or start-ups that have already had or will have technical cooperation with the IRTI to have financial access. If approved by the board of experts, the SMEG can provide an over 80% guarantee for the loan. Currently, 26 banks are participating in this program. 171.   We strive to provide better measures to effectively assist start-ups and SMEs to obtain funding through IP investment/ financing/ funding so that they can maintain business operations and continuous R&D. We therefore welcome Members' related measures and experiences in this area.
51. The Chair recalled that this item had been put on the agenda at the request of Australia, Canada, Chile, The European Union, Japan, Switzerland, Chinese Taipei, the United Kingdom and the United States, and subsequently co-sponsored by the delegations of Brazil and Singapore. A communication had also been circulated in document IP/C/W/679.
52. The representatives of the United Kingdom; Switzerland; the United States; Australia; Singapore; Japan; Canada; Chinese Taipei; the European Union; Brazil; China; Côte d'Ivoire; the United Kingdom; and Jamaica took the floor.
53. The Council took note of the statements made.
IP/C/M/100, IP/C/M/100/Add.1