지식재산 금융 활성화 방안에 관한 연구 - 미국과 이스라엘의 사례를 중심으로 -

IP finance has the characteristics of both corporate finance and alternative investment. The market for IP finance with the characteristics of alternative investment is rapidly growing as the profit potential of IP investment has been re-evaluted in the midst of low general interest rates, liquidity improvement, development of IP financing techniques by institutional investors, growth of IP market, and growing number of high-end patent litigation cases. This study presents three conditions for revitalization of IP finance. First, the steady supply of IPs with the independent value and trade potential must be ensured, and the IP system that provides the institutional support must be established. Second, investment funds and investment institutions that invest in IP should be expanded. Third,efficient markets for IP transaction and exit transaction must be established. In this study, we examine the cases of US and Israel for the changes in the governmental policy and institution, and in the firms’strategies relating to the three factors for the revitalization of IP finance and analyze the results. And then this study presents the high priority tasks to be undertaken for the revitalization of IP finance in terms of the change of direction in the means of IP protection and restoration,creation of bases for expanding the IP investment institutions.