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The government has recently introduced an initiative; Intellectual Property Financing Scheme (IPFS) to further inculcate innovation and increase productivity. The initiative of RM200 million in financing will be offered solely by MDV. The scheme will enable companies with IP rights (IPRs) to use their IPRs as an additional source of collateral to obtain funding and spur more investments for companies with technology capabilities, in turn encouraging innovation. The scheme will also help alleviate the difficulties that several technology-focused companies face when attempting to seek funding from financial institutions.