15 Jan 2014

Working Group Meetings in Sibiu

Working Group Meetings in Sibiu

Lucian Blaga University of Sibiu, the PATLIB EUROPEAN CENTER of SIBIU and The Executive Unit for the financing of higher education, research, development and innovation (UEFISCDI) held on the 12th and 19’th of December 2013, WORKING GROUP Meetings with the themes: “Analysis of the Status-quo of IP Valorization in SEE and in the Global Context” and “National and Regional Adaptation of the platform: local valuation framework, as an activity within the framework of Transnational Project”.

Topic: “Analysis of the Status-quo of IP Valorization in SEE and in the Global Context”

The participants have shown interest in attaining the objectives of EVLIA project.

The academic environment was represented by academics from ULBS Faculty’s of Engineering, Economics and Law, directors of departments and deans, bachelor and master students of these faculties.

The welcome speech from ULBS was addressed to the participants by the EVLIA project director, ULBS partner, Mihail Aurel Titu, the transnational project presentation, "Making full value of good ideas by leveraging intellectual assets for financing SMEs in SEE - EVLIA", conducted in partnership with the UEFISCDI representative dr. Viorel Vulturescu, being marked later in the program. The main point of the program was the presentation of the list of indicators and the concept of framework.

As a scheduled activity, the guests have been presented the relevance of involving in WGM as a strong necessity to bring together opinions and the experiences from all areas (financial intermediaries, public and private institutions responsible for financial support of SMEs, development agencies, venture capitalists, technology transfer centers, etc.)

The main point of the program was set up by the debate and assessment of the document elaborated within the project, Analysis of the Status-quo of IP Valorization in SEE and in the Global Context.

Starting from the common interest of developing standard criteria able to support evaluation of AI and PI by the financial intermediaries, for the benefit of SMEs has been accepted by the participants of the need for future meetings to fulfill the role of the Working Group and for the implementation of the activities of the following work packages.

 

Topic: “National and Regional Adaptation of the platform: local valuation framework, as an activity within the framework of Transnational Project”

In the spirit and in the essence of EVLIA project, with workshops attended by a large number of banks representatives, has been questioned the measure in which ownership certificates of intangible assets, intellectual property assets can be considered bank guarantees.

From the stand point of banking institutions:

  • intangible assets, patents, inventions, trademarks belonging to an economic operator can provide  additional credibility in obtaining a loan,
  • in the absence of relevant legislation, in the absence of an equally adopted methodology, it can not be spoken of setting up of a bank guarantee with taking into account only the intellectual property assets
  • it was acknowledged  the  need of an European directive, a regulatory document, a document to assist the regulatory framework of financing on the basis of these assets in accordance with the developments at European level, with the standards currently used in some European countries and with national realities.

Innovation is a key operator of Europe’s growth  and competitiveness. However, young and innovative SMEs  have to face setbacks in their development process. They find themselves at far a disadvantage when they have to attract external funding, they can’t access loans because they usually do not have the performances or the guarantees required by the financial intermediaries and banks.

Starting from the common interest of developing standard criteria, able to support the evaluation of AI and PI by the financial intermediaries, has been accepted by the participants, for the benefit of SMEs, the need for future meetings in order to fulfill the role of the working group and for the implementation of the activities from the following work packages.

In the perspective of achieving the framework, banks, financial experts and university academics will present their point of view to the partners, strongly supported with arguments, official points of view but also personal points of view as professionals and practitioners in the fields of economic and financial banking.