Research On The New Mode Of "Patent Pledge + Insurance" Financing For Smes

With the continuous emphasis on the development of SMEs in China,solving the financing difficulties of SMEs has become the focus of public attention.At present,the development of patent pledge financing faces many challenges.Even if the government has introduced many policies,such as risk compensation fund pilots and local interest subsidy policies,there are only a handful of SMEs with actual income.Due to the relatively insufficient credit conditions of SMEs and the difficulty in assessing the value of patents,bank loans are risky,which makes banks reluctant to grant credit to SMEs.However,the introduction of insurance mechanism,providing patent pledge guarantee insurance for patent pledge financing has opened a new door for technology-based SME enterprise financing.Through literature review,this paper summarizes the previous academic achievements on patent pledge financing,and provides theoretical basis and research direction for this paper.Then,through the self-restraint of SMEs,the mechanism of introducing insurance mechanism is discussed.This paper also combines the case analysis of BS enterprise patent pledge guarantee insurance,analyzes the key factors in the whole pledge financing process after the introduction of insurance mechanism,and the problems existing in the actual operation of the new model of “patent pledge + insurance”.Through the case study,the paper draws the following conclusions:First,the constraints that affect the financing development of “patent pledge + insurance” of BS enterprises include: financing environment,operation mode,value assessment risk,legal risk and financial risk;Second,the value assessment is a key factor in the financing process of the BS.Due to subjective uncertainty,inconsistent evaluation criteria,impact on the creditworthiness of the credit rating,and the fact that the evaluation system has not yet been established,the risk of value assessment is relatively high.The fourth chapter uses questionnaires and field visits to discuss the factors affecting the development of the model.The influencing factors of the questionnaire design are derived from the constraints in the case analysis and the previous research content.Factor analysis of the questionnaire results,build a "patent pledge + insurance" risk measurement system,in order to provide a reference for banks to determine corporate financing risks,to provide direction for technology-based SMEs to improve credit ratings.Through factor analysis,it is concluded that the addition of insurance mechanism is an important factor affecting patent pledge financing,which effectively reduces the financing risk of enterprises.Banks will carefully consider the patent pledge scenario when accepting the risk of patent pledge.Banks are more willing to finance enterprises under the “patent pledge + insurance” scenario.Finally,for the research of this paper,it mainly focuses on the SMEs and government level of science and technology,and puts forward targeted suggestions for the practice of “patent pledge + insurance” mode for SMEs.The innovation of this paper is to consider the insurance factor into the risk evaluation index system for the first time,and analyze the impact of the insurance mechanism on the reduction of financing risk through the analysis of BS enterprise examples.It is found that its participation affects the evaluation of patent value,so that the patent evaluation amount has Increased.