Regulation Model for Intellectual Property Financing Scheme (IPFS) Optimizing MSME Capital for the Tourism Sector Comparative Study: Singapore and Malaysia

DOI

10.2991/978-2-494069-93-0_84How to use a DOI?

Keywords

Guarantee Law; Intellectual Property Financing Scheme (IPFS); private company; taxes for SMEs

Abstract

Capital is an essential thing in a business, especially MSMEs in the tourism sector, and one way to get capital is through loans. Companies can prove capital loans with collateral to ensure that there will be assets used as repayment, so indirectly collateral is vital in determining business continuity. Assets referred to as debt guarantees in their development may be intangible assets, one of which is intellectual property. Several neighbouring countries have implemented intellectual property as collateral for debts provided through the IP Financing Scheme (IPFS) program. IP Financing Scheme (IPFS) is a financing scheme that aims to give the loans intellectual property guarantees as additional collateral to increase business productivity and investment in a country. IPFS has been implemented in Singapore since 2014 and Malaysia since 2013. IPFS Singapore has provided loans worth S$100 million to several companies, while IPFS Malaysia Talha has provided loans worth RM 27.35 million to 5 KRU Malaysia Sdn Bhd companies; Datamicron Systems Sdn Bhd; Infoconnect Sdn Bhd; Smart Mobile Technology Sdn Bhd and Giggle Garage Sdn Bhd. The similarity in implementing IPFS in Singapore and Malaysia is that the object of the IPFS guarantee is intended for intellectual property in the field of technology, especially patents, to increase investment from outside countries. It is also possible to implement IPFS in Indonesia, considering that the Copyright Law and the Mark Mark Law in Indonesia have facilitated this. However, in its implementation, there is still no regulation that enables the performance of the provisions. The purpose of IPFS is in line with the state's goal of enacting the Law on Job Creation. Regulations aimed at increasing national productivity and interest in foreign investment in Indonesia, this potential is supported by national data, which explains that several brands in Indonesia already have selling power in the international market, so it has become an urgent need related to regulatory models that can facilitate the enactment of IPFS which supports MSME capital, especially in the tourism sector. So based on this, the authors are interested in studying further related regulatory models that can reduce the realization of IPFS implementation in Indonesia. This study uses a normative juridical research method. The main problem is how the regulatory model can facilitate and realize loans with intellectual property guarantees through IPFS to increase capital for MSMEs, especially the tourism sector, to increase national economic development and international investment interest.

Copyright

© 2023 The Author(s)

Open Access

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TY  - CONF
AU  - Putri Purbasari Raharningtyas Marditia
AU  - Tivana Arbiani Candini
PY  - 2023
DA  - 2023/01/25
TI  - Regulation Model for Intellectual Property Financing Scheme (IPFS) Optimizing MSME Capital for the Tourism Sector Comparative Study: Singapore and Malaysia
BT  - Proceedings of the 3rd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2022)
PB  - Atlantis Press
SP  - 710
EP  - 728
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-93-0_84
DO  - 10.2991/978-2-494069-93-0_84
ID  - Marditia2023
ER  -