In 2024, the Zhangjiagang Bonded Zone facilitated 416 million yuan ($57.44 million) in intellectual property (IP) pledge financing, benefiting 37 enterprises. This marks the third consecutive year of rapid growth, easing financing challenges for businesses and accelerating the transformation of technological innovations into productivity.
Suzhou Fineset Material Technology Co, for instance, is a company specializing in high-end optoelectronic polymer materials with 19 invention patents. By pledging one patent in June 2024, the company secured 10 million yuan in financing from the local bank, significantly alleviating financial pressure and advancing innovation research.
Suzhou Fineset Material Technology Co. [Photo/WeChat account: zhangjiagangfabu365]
Looking ahead, Zhangjiagang plans to continue innovating services for enterprises, facilitating business-bank connections to bolster real economic growth.