KUALA LUMPUR, Oct 7 — At least 50 small and medium enterprises (SMEs) and start-ups are expected to benefit from the RM1 million Intellectual Property (IP) Valuation Financing Fund spearheaded by the Intellectual Property Corporation of Malaysia (MyIPO).
Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the pilot fund would help cover the cost of professional IP valuation services, allowing entrepreneurs to have their intangible assets recognised in the banking sector’s formal valuation system.
He said the initiative would particularly benefit technology-based SMEs with valuable IP assets but limited access to financing due to a lack of traditional collateral such as land or buildings.
