IP rights are granted to encourage inventions and innovations and such inventions always emanate from upcoming individuals with little means. Granted that the IP can be valued, how can such value be positively utilised for capital growth, in terms of using it as collateral for securing loan in non-developed economy?
Dear Thomas,
IP rights are extremely volatile asset, thus not very suitable for securing any kind of loan.
One exception is using the IP as a collateral for a loan to be used for advancement and market capitalization of the IP in question. This is similar to investment into the company built around the IP, with the important distinction that the loan financing does not dilute the owners.
The other exception relates to the situation in which the product based on the IP in question is already on the market and you have relatively secure future royalty payments in view.
Anyway, you may just try to offer your IP rights to financial partner of your choice (bank, private lender, non-banking company) and see your chances. Guess the most probable result ...
Rgds
Michal
Thomas, for sure not in Nigeria the country of yours and mine where the level of plagiarism has risen to high heavens and corporate bodies rarely fund R & D. Even now unemployed PG students and business centres have resorted to download of articles published by established authors in different fields and repackaged them for online sales on the internet. And so what do you do in situation?
My dear Sebastain,
How genuine an IP is can easily be verified before it gets registered for protection - literary works or otherwise. Besides, plagiarism is not peculiar to Nigeria. Do visit
https://www.fastcompany.com/3039921/a-map-of-scientific-plagiarism-around-the-world
and read this extract from from 'Retraction Watch':
Authors from more than fifty countries retracted papers. While the United States retracted the most papers, China retracted the most papers for plagiarism and duplicate publication. Rates of plagiarism and duplicate publication were highest in Italy and Finland, respectively. Unethical publishing practices cut across nations (see https://retractionwatch.com/2014/05/15/which-countries-have-the-most-retractions-for-which-reasons/)
It only requires firm commitment from people like you and I that value originality to enforce same on the upcoming youths under our tutelage.
Sir,
i think the major instrument to make this possible is the promulgation of very strong laws against theft, recognition, protection and foreclosure of IP rights. This will the Investors and Lender confidence. Advocacy by the Owners (Inventors and Innovators) and Managers of IP will also be of help.
Regards,
Yomi Ibisola
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