12th Annual International Conference on Industrial Engineering and Operations Management

Strategies for Designing Intellectual Property-based Financing Business Process within The Creative Economy Sector: An Indonesian Context

Maraya Ghassani Santoso, Muhammad Dachyar & Rahmat Nurcahyo
Publisher: IEOM Society International
0 Paper Citations
Track: Design and Analysis

Indonesia’s creative economy holds enormous potential to expand. However, access to finance is one of the Creative Economic sector's most significant challenges. Only 20-25 percent of the budget allocation for financing is disbursed. The COVID-19 pandemic has resulted in a decrease in turnover of creative industries business, which indicates that financial institutions will be more conservative and selective in the post-pandemic that require securitization as in an attempt of the risk management. The Indonesian government has initiatives to attempt the commercialization of intellectual property as a financing solution. The research work is one of the initial efforts to develop an IP-based financing structural framework in developing economies, especially in the Indonesian context. An attempt was made to address the limitations by developing a systematic process model for the IP-based financing business model. The research findings a process model providing: (i) a systematic structure to strengthen and mature existing IP-based financing scheme into viable and implementable concepts, and (ii) a source of inspiration for best practice IP-based financing scheme in the creative economy sector.

Published in: 12th Annual International Conference on Industrial Engineering and Operations Management, Istanbul, Turkey

Publisher: IEOM Society International
Date of Conference: March 7-10, 2022

ISBN: 978-1-7923-6131-9
ISSN/E-ISSN: 2169-8767