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The federal government on Friday stated it has nearly doubled the charges for IP facilitators below startups mental property safety (SIPP) scheme.
The commerce and business ministry stated that the revised scheme is relevant from November 2.
“To additional encourage IP facilitators to offer high quality providers to startups as a way to enhance the variety of IP functions filed by startups, the scheme has now been revised and facilitation charges has been notably elevated by no less than 100 per cent,” the ministry stated on Friday.
For patents, charges on the time of submitting of utility has been elevated to Rs 15,000 from Rs 10,000 earlier. Equally, for commerce marks and designs, it has been revised upwards to Rs 3,000 from Rs 2,000.
To guard and promote IP rights (IPR) of startups and to encourage innovation and creativity amongst them, the federal government launched the SIPP scheme in 2016.
The scheme facilitated startups in submitting and processing of their patent, design or trademark utility by means of the help of IP facilitators, whose price was borne by the Workplace of the Controller Common of Patents Designs and Logos.
After its profitable implementation leading to a big enhance in IP fillings by startups, the scheme was prolonged for a interval of three years until March 31, subsequent 12 months.
It added that IP filling by startups can be inspired by offering price rebates below respective IP legislations.
Startups are offered 80 per cent price rebate in submitting patent functions and 50 per cent price rebate in filling trademark utility. As well as, there are additionally provisions for fast-track examination of patent functions.
“As on September 30, Rs 380.81 lakh have been disbursed as charges to the facilitators helping the startups in IP fillings. The revised price construction will additional increase the submitting of IP functions by startups by means of the help of IP facilitators providing efficient and high quality service,” it added. Patent functions filed by startups have elevated from 179 in 2016-17 to 1,500 in 2021-22. Equally, commerce mark functions rose to eight,649 in 2021-22 from solely 4 in 2016-17.
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