When talking about the value of a company, usually the things that are taken into account are the number of employees of the company, the number of users, the total monthly/annual income and also the physical assets of the company.
Intellectual property is rarely talked about because of the difficulty in assigning an accurate value as an intangible asset. Normally, in order to value intellectual property, an intellectual property valuation report needs to be made, and this will usually take a long time and also a large amount of money.
Valuing IP, an intellectual property valuation startup company today introduced their digital intellectual property valuation platform, a software-as-a-service platform that enables small and large companies, from small and medium entrepreneurs to startups, corporates and even conglomerates to get an intellectual property valuation report at a fast rate and also more affordable.
With this IP Valuing software, a valuation report that normally takes around 3-4 weeks to complete can be done in just 3-4 days with sufficient details. And instead of paying an amount of RM35 thousand to RM100 thousand for the report, with a subscription price of around RM6000 per month for the most affordable subscription level.
In the meantime, this software has also been confirmed to comply with the standards of the International Valuation Standards Council (IVSC), International Financial Reporting Standards (IFRS) and International Accounting Standards Board (IASB) which ensure that the financial reports issued are authentic and accurate based on these standards .
The importance of evaluating the intellectual rights of a company is not only limited as a way to obtain financial financing, but also as a way to gain advantages in various other types of transactions such as obtaining a higher value during acquisition, liquidation of assets, taxation and so on.
Even better, as a company started and based in Malaysia, this Valuing IP service can be used not only by Malaysian companies, but also in the ASEAN region, such as Singapore, Indonesia, Vietnam and already in discussions to enter the market of Taiwan, Japan and India.
This IP Valuing software will be introduced soon, and through it, it is expected that various small and large companies will come forward to show the true value of their intellectual property, and will no longer be plagued by the issue of insufficient funding for their efforts.