HKICPA: Welcomes the HKSAR Government's Launch of the Patent Valuation Pilot Support Scheme, Which Helps Consolidate Hong Kong's Position as a Regional Intellectual Property Trading Centre

Title context: HKICPA: Welcomes the HKSAR Government's Launch of the Patent Valuation Pilot Support Scheme, Which Helps Consolidate Hong Kong's Position as a Regional Intellectual Property Trading Centre Text: The Hong Kong Institute of Certified Public Accountants (HKICPA) welcomes the Intellectual Property Department of the HKSAR Government's announcement of the launch of the "Patent Valuation Pilot Support Scheme". The Institute has long been actively advocating and promoting the professional development of business valuation, regarding it as an important part of building Hong Kong into a professional services hub. The Institute believes that this scheme will help open up financing channels for intellectual property and consolidate Hong Kong's position as a regional intellectual property trading centre. The two-year pilot scheme aims to assist eligible local SMEs in valuing their patents and other intellectual property assets, thereby supporting enterprises in obtaining credit financing through access to objective valuation data. By facilitating enterprises' use of their intellectual property assets as financing tools, the scheme unlocks innovative commercial value and promotes the development of Hong Kong's innovation and technology ecosystem. Law Cheuk-kin, President of the HKICPA, said that intellectual property plays an increasingly important role in driving innovation and economic growth, and that professional and credible valuation is an important cornerstone for the commercialisation and capitalisation of intellectual property. The Institute has been promoting and enhancing the professional development of business valuation. The pilot scheme will help Hong Kong establish a more favourable environment for intellectual property valuation and financing, enabling innovative enterprises to use their intangible assets more effectively. At the same time, the Institute will continue to lead the profession in "pricing" and "adding value" to enterprises' intangible assets with high-quality valuation services, fully supporting Hong Kong's development of new quality productive forces and the innovation and technology ecosystem.