Intellectual property financing in Indonesia: A comparative study with China and South Korea

Abstract

Creative economy actors and Small-Medium Enterprises in Indonesia are expecting Intellectual Property financing after the issuance of regulations in the form of Government Regulations. It forces the government to immediately implement Intellectual Property financing. This article applied an empirical juridical method by comparing practices of Intellectual Property financing in China and South Korea. The results show that Indonesia is still in the regulatory stage. There is still much to be conducted by the Indonesian government, especially policies related to funding sources and implementation, including post-loans provisions. The novelty of the article is related to how Indonesia can implement intellectual property financing by implementing a policy of funding sources originating from the APBN (State Budget) deposited to state-run banks, which have been implemented in several countries by several mechanisms such as with subsidized funds in Intellectual Property financing practice activities, using joint budgeting with the private sector or other possible financings. With regards to the guarantees aspect, government policies in the form of guarantor companies are also needed as well as policies after the implementation of loans. Finally, there is the government's institutional policy for this Intellectual Property financing to work.