According to Yasonna, this is due to a provision that has been regulated in Government Regulation (PP) Number 24 of 2022 concerning the Creative Economy.
"This means that intellectual property certificates can be guaranteed at a fiduciary bank," Yasonna said, quoted from the Directorate General of Intellectual Property (DJKI) Youtube channel, Sunday, July 24, 2022.Also Read: Want to Download Songs from Youtube? Check Out These 7 Recommended Websites
Yasonna explained that the PP, among others, regulates financing schemes obtained by creative financial actors through intellectual property-based banks and non-bank financial institutions.
Yasonna gave an example, if an intellectual property such as a song or video copyright has a certificate that has been uploaded to Youtube and has many viewers, then the certificate can be used as a bank loan collateral.
"If we have created a song on YouTube, there are millions of viewers, the certificate already has a selling value, if we suddenly need money," he said.
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"So, the higher the brand value and intellectual property, the bigger the loan value," he continued.
Previously, during the "Yasonna Hearing" activity in Surakarta, Wednesday, July 20, 2022, Yasonna said the Ministry of Law and Human Rights had taken a number of steps to make it easier for IP protection in Indonesia. One of them is the digitization of IP services.
"The Ministry of Law and Human Rights is building a digital service system for recording copyright and registering trademarks, patents, and industrial designs online that can be accessed anytime and anywhere," said Yasonna at Pendhapi Gedhe Surakarta City Hall.
Support from the Ministry of Law and Human Rights is also provided through the application of special tariffs for Micro and Small Enterprises (MSEs).
The non-software copyright registration fee for MSMEs is Rp 200,000, while Rp 300,000 for software copyrights.