Abstract: Exploiting intellectual property (IP) will contribute to creating stable financial resources for the key actors of the innovative startup ecosystem and the national innovation system, generating motivation for organizations and individuals create more intellectual property, businesses increaseinnovation, scientists, institutes, entrepreneurs and investors participate in the innovation based startup projects, thereby promoting the development of the innovative startup ecosystem and the national innovation system. This article has analyzed the prospects, challenges, internationalexperiences and legal regulationsof utilizingIP assets asfinancial instruments. On that basis, policy framework suggestions in Vietnam are proposed.

Keywords: Intellectual property; Financial instruments; National innovation system; Innovative startup ecosystem; Valuation.