Technology-based small and medium-sized enterprises (SMEs) in Beijing can apply to the Bank of Beijing for mortgage loans intellectual property as collateral to solve the financing difficulties of enterprise development.

The Beijing Municipal Science and Technology Commission and Bank of Beijing recently signed an overall strategic cooperation agreement and promoted the financial product of IP mortgage loans for technology-based small and medium-sized enterprises in Beijing.

The Bank of Beijing will grant IP mortgage loans of 300 million yuan in the next three years. The Beijing Municipal Science and Technology Commission will give interest allowances to the technology-based enterprises that obtain the loans.

Invention patents, utility model patents and trademark exclusive rights will all be considered as collateral for the loan applications.

China Daily