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| The Logic and Approach of Securitizing Intellectual Property Directly ——A Technology Innovation-Driven Perspective |
| Liang Yan |
| Koguan School of Law,Shanghai Jiaotong University,Shanghai 200240,China |
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Abstract This paper discusses the function,possibility,feasibility,evolution logic and approach of direct intellectual property(hereinafter “IP”)securitization from the technology innovation-driven perspective.Previous research was the securitization of IP license credits based on the developed IP licensing market,and direct IP securitization was denied due to the lack of reimbursement sources.The results show that:trust operation can create the source of repayment;manager responsibility pricing can solve the problem of issue pricing;government implicit guarantee and financial instruments can be used as seduce leverage;financial stability monitoring and evaluation can control financial risks,so it is feasibility.Through the guidance of the pilot regulation,based on the state-owned IP intangible assets,IP can be directly securitized;IP securitization can revitalize the IP generated from the long-term government's financial support scientific research system in China,bring financial capital into technology innovation,bring IP into enterprises,and then can enhance the integration of technology and economy,IP and finance.
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Received: 23 April 2018
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2019, Vol. 0 
