Intellectual Property Corporation of Malaysia (MyIPO) on 27 June 2014 launched the IPR Marketplace portal as an initiative to connect individuals, investors and businesses in commercialisation of their intellectual property (IP) rights.
MyIPO said that the IPR Marketplace portal is a pioneer platform to provide opportunities for investors and entrepreneurs to list their IP rights for international business and to trade the IP rights.
The existence of this platform would give confidence to the financiers such as financial institutions that locally-owned IP assets are valuable as well as can be used as collateral for the owners to get financial supports to expand their businesses.
As of now 27 June 2014, a total of 164 patents, trade marks, industrial designs and copyrights have been listed in the portal and MyIPO hopes the number to reach 500 by end of 2014.