Intellectual Property-Based Financing Scheme For Creative Economic Players: An Opportunity And Challenge

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Intellectual property owned by actors in the creative economy is one of the most significant assets in the development of the creative economy. Capital is necessary for the development of businesses in the creative economy. Nevertheless, lending from financial institutions, especially banks, continues to be challenging in practice. As an example, in the creative economy sector, intellectual capital dominates, while creditors prefer conventional collateral such as land, buildings, vehicles, inventory, and bills. The issuance of Government Regulation Number 24 of 2022 regarding the Implementation of Law Number 24 of 2019 concerning the Creative Economy allows creative economy actors to obtain financing from Bank Financial Institutions or Non-Bank Financial Institutions by using intellectual property as collateral. Nevertheless, in order to implement the Government Regulations on the Creative Economy effectively, many aspects still need to be prepared, such as the binding of debt guarantees in the form of Intellectual Property Rights (IPR), intellectual property assessment methods, and technical implementation of execution.

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