Idea Financing is a term loan that is extended to individuals/groups for the purpose of implementing scientific studies, which has got recognition in invention and innovation by the concerned government organ.
The loan can be granted for commercial/mass production and marketing of the creative idea that have obtained recognition from the Intellectual Property Right Protection Office.
The Bank may extend the loan for a maximum period of ten years with one-year grace period.
Eligibility
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The applicant shall present an Intellectual Property Right Certificate that confirms he/she/they obtained recognition from the Intellectual Property Rights Protection Office.
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The applicant shall present valid investment and business license from the concerned government body.
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The applicant shall submit feasibility study justifying the financial, technical, market, and environment viability of the project.
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The applicant shall contribute a minimum of 10% equity towards the project, depending on the strategic importance, economic viability, and profitability of the project.
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