IPOS issued a press release today, 2 June 2016, to announce the first success case in Singapore of a loan application using IP as collateral under the IP Financing Scheme.

This is a significant milestone for Singapore as we continue in our quest to build a robust and vibrant IP-enabled ecosystem that helps businesses and entrepreneurs take their brands, content and technology to the global market. There will be new developments to the IP Financing Scheme, including:

1)      Extension of the scheme till 31 March 2018

2)      Expansion of IP asset classes to include trade marks and copyrights

3)      Addition of participating financial institution and valuers

A copy of the press release may be downloaded here.