IP VALUATION IS KEY TO BOOSTING NATIONAL COMPETITIVENESS - ARMIZAN

KUALA LUMPUR, Dec 16 (Bernama) -- Financial institutions, investment bodies and capital market players have been urged to consider intellectual property (IP) as collateral, particularly for small and medium-sized enterprises (SMEs) and start-ups, as part of efforts to build a more sustainable and competitive IP ecosystem.

Domestic Trade and Cost of Living Minister, Datuk Armizan Mohd Ali, said that intangible assets are increasingly outpacing physical assets in determining the competitiveness of  companies and nations.

“Therefore, Malaysia cannot remain on the sidelines of this reform and must develop a valuation ecosystem that is reliable, transparent and aligned with global standards.

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“It requires not just skilled valuers, but also a shift in mindset among institutions that drive economic growth,” he said.

His speech text was delivered by Intellectual Property Corporation of Malaysia (MyIPO) board member Syed Ahmad Abdul Rahman at the graduation ceremony of MyIPO Intensive Intellectual Property Valuer and Examination programme held here today.

Armizan said that the world’s most innovative countries are those whose financial systems recognise the value of intangibles as the backbone of the future economy, and Malaysia needs to follow suit.

He said Malaysia now has a pool of trained IP valuers and a growing valuation framework through MyIPO, in line with the country’s shift towards a technology- and creativity-driven economy.

In a related move, he said the government, through MyIPO, is reviewing amendments to Act 617 (the Intellectual Property Corporation of Malaysia Act 2002) to establish a stronger regulatory framework, positioning Malaysia as one of the first countries in ASEAN to officially recognise IP valuers.

He said Malaysia is also committed to building a sustainable professional valuation ecosystem and deepening institutional collaboration with the World Intellectual Property Organization (WIPO), ASEAN, universities and industry.

“We will also promote broader use of valuation practices across innovation-driven sectors, positioning Malaysia as a regional hub for IP valuation excellence and ensuring that every local creator can access world-class expertise,” he said.

At the ceremony, 35 individuals were certified as IP valuers under the programme, a key milestone in the government’s ongoing efforts to strengthen Malaysia’s intellectual property ecosystem.

“This initiative reflects the government’s commitment to developing a highly capable pool of local IP valuation professionals, while also strengthening Malaysia’s position in the knowledge-based economy,” he added.

-- BERNAMA