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Enterprise Directorate General European Commission Intellectual property and access to finance for high growth companies 14 September 2007 Patrick KLEIN.

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Presentation on theme: "Enterprise Directorate General European Commission Intellectual property and access to finance for high growth companies 14 September 2007 Patrick KLEIN."— Presentation transcript:

1 Enterprise Directorate General European Commission Intellectual property and access to finance for high growth companies 14 September 2007 Patrick KLEIN European Commission, Directorate-General for Enterprise and Industry

2 Enterprise Directorate General European Commission Why is Intellectual property important for high growth companies ? Increasing share of market value from these companies derives from intellectual assets. Technology: driving force of economic growth but chronically underfinanced. IP : only assets to value for investors but difficult.

3 Enterprise Directorate General European Commission Why IP valuation is important ? Valuation of I.P to be monetized but many ways to do so; The way IP is valued is influenced by the purpose of the valuation (financial reporting, commercial transactions, use as collateral); Valuating IP: consequences for investors and companies.

4 Enterprise Directorate General European Commission How to exploit IP assets value (I) ? IP as a collateral for bank loans; = not so developed… = possible future ? IP for Business Angels and Venture Capitalists; = investors better prepared… = but not the most important issue.

5 Enterprise Directorate General European Commission How to exploit IP assets value (II) ? Securitisation: another tool to raise finance for high growth companies.

6 Enterprise Directorate General European Commission Key recommendations for EU and Member States Public intervention to support IP- based companies at an early stage when there may be market failure; Development of guidelines and models for coordination between IP and financial sectors (IP should not only be used to prevent other entering the market !)

7 Enterprise Directorate General European Commission Key recommendations for EU and Member States Development of best practices cases, awareness policy, investment readiness programs for policy makers and SMEs; Support to investment funds strategies leveraging IP assets.

8 Enterprise Directorate General European Commission What will the Commission do ? Better communication: to develop existing tools like Europe Innova, Proton, EIC/IRC networks… Better policies: to enhance the regulatory environment and ensure an effective IPR framework; Better use of public funds: to improve SME access to finance (eg: CIP).

9 Enterprise Directorate General European Commission Contacts Web site: SME financing: entrepreneurship/financing/index_en.htm


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