Securitization of intangible assets as a form of investment attraction in modern economy

In the study the approaches to the development of innovative cluster by means of creation of new sources of its financing as which it is offered to use securitization of intangible assets are considered. The intellectual property in Russia can be licensed, sold, used as pledge when crediting or can serve as additional factor for initial attraction of capital share. The legislation of the Russian Federation allows receiving necessary estimates for intangible assets for their use as intellectual property. The offered mechanism based on the pledge of intellectual property will allow to transfer low-liquid intangible as-sets (in the form in which they exist today) to highly liquid material asset, i.e. investments, money or other financial instrument. As mortgages it is offered to use packages (pools) of intellectual property formed by the organization founder (originator) in the form of the project. Pools of assets which generate money are transformed to the securities having an investment rating which can be sold to potential investors...