ipr in financial markets - zendesk · 2019-01-17 · ipr & financial markets […nearly 80% of...
TRANSCRIPT
Dr. Recep Bildik
Borsa İstanbul
IPR in Financial Markets
Agenda
• IPR&FinancialMarkets
• GrowingIPActivityinTurkey
• Government SupporttoIPRTrading
• IPMarketStructures
• International PatentMarkets
• BenefitsofanIPMarketunder Borsaİstanbul
• BorsaİstanbulIPRMarket
• Establishinganecosystem
IPR&FinancialMarkets[…nearly80%ofthevalueofaU.S.publicly-tradedcompanynowcomesfromintangibleassets. …thelargestcomponent(orsubset)ofintangiblesis intellectualproperty.]
68%
16%
32%
84% IntangibleAsstes
TangibleAssets
30years ago Now!
Growing IPActivityinTurkey
Domestic PatentGrants
2011– rank#172012– rank #152018goal:Top10
0
2,000
4,000
6,000
8,000
10,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Patents
Domestic Foreign
0
500
1,000
1,500
2,000
2,500
3,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
UtilityModels
Domestic Foreign
0
10,000
20,000
30,000
40,000
50,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
IndustrialDesigns
GovernmentSupporttoCommercializationofIPRs
50%ofearnings froma) Licensingb) Salec) Massproductionandmarketingd) Applyinginproductionprocessandsale
oftechnologiesdependingonPatentsandUtilityModelsareexemptfrom
corporatetax.
Valuation reportrequired!
Cost,Market, Incomebasedvaluation.
NationalIPStrategyDocumentandActionPlan(2015-2018)3rd Goal:
“EnhancingmechanismsforcommercializingIPRsbydevelopingtheinfrastructureformarketperceptionandvaluecreation”
“Toeasecommercializinginventions…anIPmarketwillbeestablished”
GovernmentSupporttoIPR Trading
IPMarketStructures
IPROwner:• Canproducethe
technologybyown• CanselltheIPR• LicenseIPRtopotential
producerofthetechnology
Source:FinalreportforEUTender"CreatingafinancialmarketforIPR"
IPMarketStructuresActors:• PatentLicensingandEnforcementCompanies(PLECs)• InstitutionalPatentAggregators/IPAcquisitionFunds• IP/TechnologyDevelopmentCompanies• LicensingAgents• LitigationFinance/InvestmentFirms• PatentBrokers• IP-BasedM&AAdvisory• IPAuctionHouses• On-LineIP/TechnologyExchanges/Clearinghouses• IP-BackedFinanciers• RoyaltyStreamSecuritizationFirms• PatentRatingSoftwareandServices• UniversityTechnologyTransferIntermediaries
InternationalPatentMarketsIPBasedsecuritizedMarkets:
Bileteral ContractandAuctionBasedIPMarkets:
IPTransactionPlatforms:
StandardizedIPContract Markets:
Benefits ofanIPMarketunderBorsaİstanbul(BIST)
Stimulateinnovationandtechnology
Contributetechnologyorientedgrowth
Secureinventionstoeconomy
Contribute to IPawareness
Enhance corporatebalance-sheets andboostmarketvalues
ConfidencetoBorsa Istanbulasanmarketoperator
BISTPrivate Marketintegration
A web- and member-based private market place whichprovides IPR owners and potential investors with IPRinvestment opportunities througho Sale of IPR’so Licensing agreementso Liquidity programs for IPR sale and licensing agreements
BISTIPR Market
BISTIPR Market:Tech Flow
Investors
TechNeeds
IPProviders
TechOffers
• TechnologyOffersincludepatents andutilitymodels
• TechnologyNeedsarerequestedbyinvestorstofosterdemandbasedR&Dactivity
BISTIPR Market
o A membership based web platform.
o Members can be:
• IPR owners(Academicians, scientists, technology firms, startups, SMEs,universities ..)
• IPR investors(Technology firms, IPR funds, Large and multinational corps.)
• Brokers and service providers(TTO’s, patent attorneys, audit and consultancy firms..)
AllParticipants canbenefitfrom:
• Virtualdataroom:Documentmanagement,due diligence..
• Virtualdeal-room:Instantmessaging,negotiations..
• Confidentiality:Allcommunicationsandshareddocumentsareencrypted.
BISTIPR Market:Benefits
Establishinganecosystem– Alltogether!
16
RoadMap
BoardofDirectorsdecision
MarketresearchinTurkeyandabroad
ApprovalofCMBandTPI
Technicalspecifications
Membershipcontractandregulations
Development
Launch
Severalmeetingswereheldwiththestakeholders.
www.bistpatent.com
17
RoadMap– ActivitiesPlanned
•DevelopmentandlaunchofthemarketLaunch
•Membershipcontractandregulationspreparedincooperationwithstakeholdersandlegalpartiesneedtobeapprovedbyboardofdirectors.
Regulations
•CooperationwithEPOandWIPOaswellasallstakeholders• SupportofTPI,TÜBİTAK,KOSGEB,therelatedMinistryetc.
MarketingandCoordination
