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Why IP-backed Financing and what good is it for companies considered to be 'disruptors' of traditional industries? What is IP-backed financing and how does it fit into the realm of commercial financing? How is IP-backed Financing structured? How can businesses in Hong Kong, particularly tech companies and financing bodies such as banks and venture capital firms, position themselves to capture the opportunities associated with IP-backed financing?

Intellectual property (IP), usually in the form of patents, copyright, trademarks and trade secrets, is quickly becoming one of the most valued asset classes across the globe. They also serve as a fuel for the 'new economy', where industry incumbents and 'disruptors' drive economic growth and productivity through the introduction of novel and unique goods and services based on cutting edge technology. This has in turn fostered the emergence of IP-backed financing - a type of funding where IP is used as the loan collateral - in countries such as the United States and those in the European Union, as well as the Asia Pacific region.

For those seeking to raise funds, IP-backed financing provides a cost-effective alternative to traditional financing solutions but without the downside of diluting owner equity. For those providing financing, their interests are protected through specialised IP collateral protection insurance which allows lenders to recover financial losses in the event of a loan default.

The Chamber is pleased to have assembled a panel of experts to pull the veil back on IP-backed Financing as a viable funding tool at a webinar on 24 May 2022. Speakers will discuss the case for popularizing IP-backed financing in Hong Kong and ways for businesses to unlock the value of their intangible assets for growth. They are:

- Mr Poh Chua, Senior Managing Director & Head of Asia of Aon IP Solutions, Aon
- Ms Alicia Liu, Executive Director, Head of Greater China Loans, Client Financing & Solutions, Nomura International (Hong Kong)
- Mr Edward Sit, Chief Financial Officer, IPification
- Dr Gordon Yen, Founding Managing Partner, Radiant Tech Ventures

Key discussion points will include:

• What is behind the growing trend in the US for tech companies to seek IP-backed financing?
• How can Hong Kong-based companies take advantage of IP-backed financing to raise working capital?
• What are the issues that insurers should pay attention to when underwriting an IP portfolio?
• What are the key considerations to conducting effective IP valuation?
• How does IP insurance mitigate financial institutions' downside risk?

This is an event for businesses in the innovative and technology fields particularly companies that are considering funding of around US$25-100 million and with patents registered in the US and/or EU, as well as financial institutions (including banks, insurers, family offices and private equity or venture capital funds).

This webinar is an initiative of the Chamber's ad-hoc IP-backed Financing Working Group which was established in 2022 to promote Hong Kong as an IP financing and trading hub.

How to register for the event:

- Please click here to register via zoom.
- Upon successful registration of the event, a unique webinar access link will be sent by Zoom to your registered email

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s)

Poh Chua, Senior Managing Director & Head of Asia of Aon IP Solutions, Aon

Chua is the Senior Managing Director and Head of Asia of Aon IP Solutions. He manages “Phase Zero” of Aon’s Collateral Protection Insurance (CPI) solution line and his team pre-screens potential borrowers’  IP assets, business plans, and other relevant information to determine suitability for CPI.  Over US$800 million of IP-backed loans have been closed to-date.

As a seasoned IP Lawyer with his 30-yr work experience on IP, Chua served as general counsel and chief IP counsel for Zhejiang  Geely Holding Group in China and TCL Multimedia in Hong Kong.   In those capacities, he managed relationship with key IP partners,  provided IP acquisition and utilization strategies, supervised in-house and outside counsel, and negotiated complex agreements, including M&A, licensing, sale and purchase of IP assets, and dispute resolution.

Chua is listed in “IAM Strategy 300: The World’s Leading IP Strategists”.   He was a partner at Lee & Hayes, PLLC whose 601West business became Aon Intellectual Property Solutions.

Alicia Liu, Executive Director, Head of Greater China Loans, Client Financing & Solutions, Nomura International (Hong Kong)

Liu is the Head of Nomura’s Greater China Loan business and led multiple large size syndication structured loans, and provided complex financing solutions of growth capital to new economy clients.

Prior to Nomura, she led the structured finance division of CITIC CLSA for over 5 years with special focus on Greater China loan business, and Tiger Group Investments for over 3 years with a focus on transportation and energy investment. Liu started her investment bank career in Citigroup Global Markets (Hong Kong) and has over 13 years of investment banking and financing experience.

Edward Sit, Chief Financial Officer, IPification

Sit is the Chief Financial Officer of IPification and oversees the company’s financial goals, objectives, and budgets to drive the best strategic direction of the company. After obtaining his master’s degree in Economy, Sit spent over a decade in management roles in structured commodity finance with renowned institutions such as BNP Paribas and ABN AMRO Bank NV, among others. He then joined the HKEX to lead the launch of the commodity futures suite for the local bourse and subsequently took important roles in various initiatives such as the listing regime reform consultation and H-shares full circulation.

Sit is a founder of the Family Office Association Hong Kong, and has championed the organization to participate and support startups and fintech companies in Hong Kong in collaboration with InvestHK for the Startmeup Festival in 2021.

In 2022, he was awarded Emerging Tech CFO of the Year by Acquisition International in recognition of his achievements.

Gordon Yen, Founding Managing Partner, Radiant Tech Ventures

Yen is the Founding Managing Partner of Radiant Tech Ventures, a Hong Kong based investment firm licensed by the Securities and Futures Commission for Type 9 (asset management) regulated activity, which manages one of the six venture capital funds the Hong Kong Government is co-investing with. He has over 25 years of financial and management experience in private and listed companies involving cross-border investments, global supply chain, manufacturing and infrastructure businesses. He has been involved in innovation and technology investments since the late 1990s, first through managing corporate and angel venture investments and later through running venture capital fund in transactions involving startups from the Hong Kong, Mainland China, Israel and North America.

Prior to establishing Radiant Tech Ventures, Yen co-founded Radiant Venture Capital and built it into one of the most active venture capital firms based in Hong Kong. He is currently serving as board member of several startups in USA, Hong Kong and Israel, Vice-Chairman of the Hong Kong Business Angel Network, Non-Executive Vice Chairman & NED of Fountain Set (Holdings), as well as INED of Impro Precision Industries and Asia Allied Infrastructure Holdings. 

Language English
Date and Time 2022/05/24 09:30 to 10:30
Venue Online via Zoom
Media Closed to media
Enquiries Michelle Tse
Tel: 2823 1220
Email: michelle@chamber.org.hk
Fee Free of Charge
Notes - Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.

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