Business
System Launched to Allow Bank Loans Using Intellectual Property Certificates
Wazema · 3 hours ago · Read the Full Story on Wazema
AI SUMMARY
The Ethiopian Intellectual Property Authority announced a new system allowing inventors to secure bank loans using their intellectual property certificates as collateral.
- The Ethiopian Intellectual Property Authority announced a system enabling inventors to secure bank loans using intellectual property certificates as collateral.
- The announcement was made during the three-day Intercontinental African-Arab Forum in Addis Ababa, held in collaboration with WIPO.
- The Development Bank of Ethiopia has started providing loans for certified inventions, while efforts continue to build commercial bank confidence.
- Patent registrations reached 230 last fiscal year, while trademark registrations grew to 6,000 by the end of the 2025/26 fiscal year.
- Copyright registrations reached 1,700, and total annual registrations including industrial designs rose to 9,000 in the concluded fiscal year.
- The African-Arab Forum involves participants from 20 nations and aims to strengthen intellectual property trade competitiveness, market access, and cooperation.
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