“专利产业化+认股权”成功落地 江苏股交中心创新蝶变

Core Viewpoint - The successful implementation of the "patent commercialization + stock option" model in Jiangsu Province opens new pathways for technology transfer and enterprise financing, facilitating early-stage investment in innovative projects [1][6]. Group 1: Patent Commercialization and Stock Options - Jiangsu Province has successfully executed its first "patent commercialization + stock option" model, with the Nanjing Biomedical Center holding stock options in Ningji Bio, which has completed registration and custody at the Jiangsu Equity Exchange [1]. - The Nanjing Biomedical Center provided several million yuan in specialized support for Ningji Bio's small molecule innovative drugs during critical phases from concept validation to market application, converting early investment into stock options [1][6]. - This model allows demand-side and technology supply-side parties to agree on future stock option purchases based on the patent's value and valuation, facilitating easier negotiations on intellectual property and patent value [7]. Group 2: Support for SMEs and Innovation - The Jiangsu Equity Exchange serves as a foundational platform for regional equity markets, continuously providing financial support to small and medium-sized enterprises (SMEs) and fostering the development of technology-driven companies [2]. - In 2025, the Jiangsu Equity Exchange assisted 21 companies in listing on the New Third Board and helped 2 companies successfully list on the Beijing Stock Exchange, demonstrating the effectiveness of its nurturing system for SMEs [4]. - The introduction of stock options as a financial innovation aims to alleviate financing difficulties for small tech enterprises, allowing investors to secure equity at lower prices while avoiding rapid dilution of ownership for the companies [5][6]. Group 3: Asset Activation and Financial Circulation - The Jiangsu Equity Exchange has become a vital platform for activating "sleeping assets" through share pledges and transfers, enhancing liquidity for fund holders [8]. - By the end of 2025, the exchange had processed 35 pledge registrations, involving 2.759 billion shares and raising 2.037 billion yuan in financing, thereby transforming previously inactive assets into active financial resources [8]. - The launch of the upgraded private equity and venture capital share transfer platform aims to create a robust secondary market ecosystem, integrating various services to support fund liquidity and market participation [8][9].