With service fees of less than 10,000 yuan, a utility model patent valued at several thousand yuan on the market can, through the "magic tricks" of evaluation agencies, instantly transform into a "core asset" worth millions or even tens of millions. This easily helps shell companies raise hundreds of millions or even over a billion yuan in financing. This is not a financial miracle, but a current wave of疯狂资本狂欢.

Replacing cash contributions with intellectual property rights was originally a good idea to encourage technological innovation and activate intangible assets. However, once利益介入, this path has become a breeding ground for some speculators—artificially inflated valuations, packaging concepts, and transactions left hand to right hand. Behind this grand "technology packaging movement," the real操盘手 is actually very冷酷: within five years, the registered capital must be fully paid up according to law.

For tens of millions of small and medium-sized enterprises across the country facing tight cash flow, this is simply a死期. Under the dual pressures of繁琐的减资程序 and difficult融资, the route of intellectual property contribution suddenly becomes the最完美的突破口. Regulators might not expect that intermediary agencies have sniffed out the huge商机.

The evaluation of a patent or copyright is inherently flexible and highly专业.代理机构 has seized this point and reached a "合作" with some评估机构—purchasing patents worth几千元, fabricating technological prospects and revenue forecasts, and瞬间 packaging them into high-quality assets worth millions. The market has even出现了最扯的服务模式:按需评估. Clients specify how much融资 they need, and intermediaries推回制造相应价值的知识产权包. This is no longer just边缘球; it is outright fraud.

But why are so many people willing to踩这条线? Because双方都有利可图. Business owners are not only interested in the legal "compliance" label but also in how包装后的财务数字 can optimize企业形象 and提升竞标实力. What about intermediaries? They take a cut proportional to the融资额—一本万利的生意, with monthly收入轻松达到数百万. Everyone profits, only the创新本身 gets坑.

This虚高出资 is a serious违法行为. The law明确要求 that评估非货币资产不得高估作价. Once查实, shareholders will be forced to补足出资, and if the amount is huge, they may also承担刑事责任. The company will be listed as经营异常, and业务 will be阻碍. But the greatest damage is to the entire市场秩序.

虚高的评估扭曲市场信号, making it difficult to识别真正有价值的创新.大量低端、重复、毫无创意的专利充斥市场,形成劣币驱逐良币的局面. The entire知识产权交易市场的信用被蚕食殆尽, which runs counter to the current战略目标 of鼓励创新.

监管部门已经开始出手.相关部门联合发布通知,要求评估机构必须独立、客观、公正,禁止预设估值结论.同时建立数据服务平台,加强对大额异常评估报告的监管,追溯委托人责任.

潮水终会退去. Those carefully包装的"泡沫资产" will ultimately become worthless; only技术经过市场真实检验才能支撑企业的信用与前景. 重塑规则, just to让知识和资本在真实的价值基础上进行诚实的对话.