Intellectual Property Corp of Malaysia (MyIPO) and Multimedia Development Corp (MDeC) are taking firmer steps to promote intellectual property (IP)-based financing in Malaysia.

A tea talk, 'IP System and Valuation', was jointly organised by MyIPO, MDeC and the Association of Islamic Banking Institutions Malaysia (AIBIM), gathering bankers to share and exchange ideas in promoting IP-based financing.

The government has targeted a 90-percent online usage of its services among the public by 2015, said Chief Secretary to the Government Tan Sri Mohd Sidek Hassan.

Saying websites must be user friendly, he described government portals as mediums which could close the digital divide with society.

The Multimedia Development Corporation (MDeC) is striving for Intellectual Property (IP) rights to be accepted as assets or collateral through the IP valuation model which is set to be introduced in the first quarter of next year.

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