Sunday, February 26, 2017

Japanese Megabank Launches IP Marketplace for Clients

The second largest bank in Japan, Sumitomo Mitsui Banking Corporation (SMBC) will start a new fee-based business. According to Nikkei, SMBC is launching a business matching site for their client companies this April. 

Technologies, ideas, intellectual property rights, and personnel resources are traded in this marketplace. An assumed scenario is that a venture company publishes their own technologies or ideas, and a large company who has an interest in them approaches the venture company for business discussion. The trade of intellectual property rights and the mediation of personnel resources will be started this autumn. 

SMBC receives annual membership fees and contingency fees  for successful business matching in the marketplace. 

Recently, business matching services are prevalent in Japan. In the financial sector, Nomura Securities also provides a matching site for universities and companies, Nomura Innovation Market

The SMBC’s marketplace may be a closed site which is available only for their clients. If appropriate security controls are implemented in the marketplace, the users would be willing to disclose their needs and business ideas. Also, if SMBC understands their clients needs, they can promote the business matching and increase its success rate. 

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