The Evaluation Of Patent Pledge

The medium and small-sized technology corporation has been highly valued by China in the aspect of their developing and financing. Patent pledge could promote those enterprises’innovation and financing. It also contributes to the economic transition and growth. Against such background, the State Council, the People’s Bank of China and the State Intellectual Property Office(SIPO) had launched policies for patent pledge business. It has already five years since SIPO set the first group city for patent pledge experiment. Most of those cities started from zero and now they have established some basic and practical policies as well as platforms. But under the new situations, they share some similar difficulties. Thus, this paper aims at studying the patent pledge mode in China. It discusses difficulties in the process of patent pledge, mainly in patent evaluation and risk control.The thesis starts from basic patent concept and theories, and distinguishes them to intellectual property. It also tells the difference between pledge(impawn) and mortgage. The features of patent right lead to its characteristics in pledge process. Then through the study of patent pledge in some typical modes, the paper finds those modes can be categorized by market behavior and government behavior. This main issue led to differences in policies’ outlook, applicability and potentiality. Then it gives views about what are the shared-difficulties in all modes. No matter in which modes, the valuation firms, local Intellectual Property Office, technology exchange market and guarantee agencies are always involved. They are measures to lower the risk at banks. The shared-problems behind high risks are following:evaluation; price fixing and lack of liquidity. Then the paper makes a deep study about valuation types and adopt the European Valuation Standards’ view of pledge value type. On the base of value type, it combines The Balance Method and Dividing Rate, giving a new method to evaluate the patent price. It considers both industry convention and the individual enterprise. Then an easy case demonstrates how to use this method to evaluate patent during pledge process. Finally, it gives suggestions on the external environment standardization and risk control.