MSP Bank granted the first loan in Russia secured by the intellectual property to company Energoelement.

Energoelement, a company from the Skolkovo Innovation Center, which produces a new type of lithium-ion batteries, received a loan for 4.3 million rubles ($58 thousand) at 8.5% per annum on the security of two patents for inventions.

Russian banks have before issued loans secured by intellectual property, but previously they were not always the only security but acted as additional. Energoelement won a large tender for the supply of postpaid traction lithium-ion batteries, but could not provide the bank with anything other than its patents.

Earlier, Expobank issued the first loan in Russia secured by cryptocurrency – tokens of the Waves blockchain company.

Let us recall, the National Project “Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives” by the Russian government provides 31 billion rubles for lending secured by intellectual property rights from 2019 to 2024.