Intellectual Property Capitalization was initiated by the government’s “Asset Capitalization Policy.” This policy aims to create opportunity to the people, especially the poor, to have more access to the source of fund in the system by utilization of the existing assets as their capital. This will create more jobs and income, as well as encourage new business operators, and hence sustainable economic development of the country. Currently, there are 7 categories of assets that can be capitalized. They are: land and property attached to the land; permission to utilize public lands and other certification documents; leasing and hire-purchasing contracts; machinery; Intellectual Property; permission to utilize marine area for aquaculture purpose, and; rubber plantation. 

    With regard to Intellectual Property, the government assigned the Department of Intellectual Property to be the major organization responsible for the work involving the national intellectual property issues in accordance with the “Asset Capitalization Policy.” In order to have efficient operation and to achieve the objective of the government, the Department of Intellectual Property established the “Intellectual Property Project” to support the operation under the government policy. The objective of this project is to create opportunities for the owners of intellectual property who have registered or notified the information with the Department of Intellectual Property.  These owners of intellectual property can use their documents of rights  to have access to the capital in the system and utilize the existing intellectual property for commercial purpose and for maximization of economic value. Besides, the project will also promote creativity and innovation, as well as encourage more utilization of intellectual property.