Enhanced training for IP valuers

• Hands-on training to be carried out by UK-based IP valuation company
• Part of effort to prepare IP valuers in wake of Malaysia’s IP Valuation Model

THE Intellectual Property Corporation of Malaysia or MyIPO has announced enhanced for the existing 23 Intellectual Property (IP) valuers who successfully passed the IP Valuation beginner training last year.
 
This hands-on training is to ensure that each of the participants is able to draft and prepare an IP Valuation report on his or her own for financing purposes based initially on the IP Valuation Model that Malaysia launched last year, MyIPO director general Azizan Mohamad Sidin (pic) said in a statement.
 
The new training is divided into two sessions, with the first having already kicked off on March 24 and will run until April 5. The second session is scheduled to run from April 15-15, MyIPO said in the statement.
 
Azizan said it was important to have a continuation after the pioneering IP Valuation training last year which saw more than 50 participants.
 
The various programmes and initiatives spearheaded by MyIPO for the past one year are aimed at creating a conducive and sustainable IP ecosystem to enable businesses and entrepreneurs to unlock the commercial value of their knowledge and intangible assets, beyond the traditional use of IP as a protective business strategy.
 
The availability of local IP valuers would help reduce the cost and complexity of appointing foreign IP valuers in providing valuations for financing and lending purposes, MyIPO said.
 
The scarcity of qualified local IP valuers was always a pain point of local SMEs (small and medium enterprises) and entrepreneurs in getting their IP rights valued, it added.
 
The enhancement training is being carried out by Intangible Business Limited, a UK-based IP valuation company.
 
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