ENHANCING THE CREATIVE ECONOMY: LEVERAGING INTELLECTUAL PROPERTY RIGHTS AS LEGAL COLLATERAL IN CREDIT FINANCING IN INDONESIA

Abstrak

This research investigates new avenues for capital acquisition among creative economy stakeholders through banking institutions, leveraging intellectual property rights (IPR) as valuable collateral following the enactment of PP No.24/2022 alongside Law No.24/2019. Employing normative-empirical methodologies, the study highlights the need for banking institutions to minimize risk exposure while extending credit facilities. PP No.24/2022 elucidates provisions within Law No.24/2019, enabling creative economy actors to access credit capital by leveraging registered intellectual property assets. Registration with the Director General of Intellectual Property Rights Center of the Ministry of Law and Human Rights confers state legitimacy on IP ownership. The economic potential of intellectual property assets as collateral encourages banks to provide business capital loans, contingent upon adherence to legal protocols and due diligence. Key considerations include methodologies for valuing intellectual property, ranging from conventional cost, income, and market approaches to contemporary methods like cost-benefit analyses, expert evaluations, and innovation surveys.