IVSC and the World Intellectual Property Organization (WIPO) have signed a Memorandum of Understanding (MoU) to strengthen cooperation and collaboration on issues related to the valuation of intellectual property and other intangible assets.
The MoU will facilitate the exchange of information and expertise between the two organisations, and will include collaboration in research and development activities, training and capacity building, and the promotion of best practices in the valuation of intellectual property and other intangible assets.
WIPO is the United Nations agency leading the development of a balanced and effective international IP system that enables innovation and creativity. In the context of broader efforts to ensure that intangible assets support entrepreneurs and enterprises globally, WIPO is taking an action-oriented approach making the valuation and financing of intellectual property a key area of WIPO’s work.
The MoU will come into effect immediately.
”We are delighted to be partnering with the World Intellectual Property Organization. Intellectual property is a rapidly growing asset class, and this MoU will help ensure that valuation professionals have the knowledge and skills they need to provide accurate and reliable valuations of these assets.
Nick TalbotIVSC Chief Executive
”WIPO is pleased to join forces with the IVSC in this important initiative. Effective valuation of intellectual property and other intangible assets is essential for the functioning of the global economy. Today, both commercial and public sector actors recognize the systemic importance of consistent and comparable valuation of intellectual property and other intangible assets. That is why WIPO is focusing its efforts on progressing this topic. We are working with key partners, such as global and regional organizations that set standards on valuation of intangible assets, to ensure that valuation professionals have the tools and resources they need to do their work. This MoU is a major step in this direction.
Marco M. AlemánWIPO Assistant Director General