Secretary for Commerce & Economic Development Gregory So chaired a meeting of the Working Group on Intellectual Property today to discuss the Government's latest initiatives to support IP creation and exploitation.
The Government is exploring ways to drive the development of Hong Kong as a premier IP trading hub in the region, Mr So said.
It is seeking to help businesses from start-ups through to small and medium-sized enterprises to larger companies in downstream research and development efforts.
Mr So also outlined the challenges posed by a general lack of awareness of IP as an asset class among many financial institutions, intermediaries and even enterprises themselves.
"IP valuation as a means to quantify the economic worth of such intangibles is an essential building block to enhance the understanding of the unique nature of IP, and facilitate the development of other IP intermediary services in trading activities. The working group will continue to support setting up IP valuation standards for Hong Kong."
He added that more would be done to educate the business community about the commercialisation and trading of IP.
