Financial Assistance on Grant of Patent And Registration Under Geographical Indications Of Goods
Patent is an exclusive right granted by the State for an invention that is new, involves an inventive step and is capable of industrial application. It gives its owner an exclusive right to prevent or stop others from making, using offering for sale, selling or importing a product or a process, based on the patented invention, without the owner’s prior permission. A patent is a powerful business tool for companies to gain an exclusive right over a new product or process, develop a strong market position and earn additional revenue through licensing.
Geographical Indications (GI) are names associated with goods which identify such goods as agriculture goods, natural goods or manufactured goods as originating, or manufactured in the territory of a country or a region or locality in that territory, where a given quality, reputation or other characteristic of such goods is essentially attributable to its geographical origin. A GI cannot be created, it can only be recognized. It confirms the value of products, which already exist.
To encourage MSME protects their innovation/R & D in this era of globalization, or secure their rights over their traditional product or process linked in the public mind with their locality under the GI Act.
(iii) Scope and Coverage
The eligible applicant as mentioned in para 4 above will be provided one time GoI financial support on grant of Patent (domestic/foreign) and on registration of their products under GI Act.
(iv) Component of Grant
Under this scheme, registered Indian MSME will be provided one-time financial support limited up to Rs. 25,000/- for on grant of domestic patent and Rs. 2.00 lakh for foreign patent. For registering under the Geographical Indications of Goods Act, one time financial support will be limited up to Rs. 1.00 lakh. The support of GoI will be in form of reimbursement to the applicant. The amount of grant will be restricted to actual or the ceiling mentioned above, whichever is lower.
(v) Funding Pattern
The applicant will submit their request for the reimbursement in the format Annexed at (Annexure-V or VI). If the application satisfies the eligibility and acceptance criteria for consideration of support, the reimbursement process will be initiated and payment will be made directly to the beneficiary.
vi) How to Apply
Eligible applicants as mentioned in para 4 above can apply in the format Annexed at (Annexure-V) or (Annexure-VI) for reimbursement of patent & GI respectively. The following documents are to be provided by the beneficiaries.
· Reimbursement details.
· Product broachers.
· Number of producers in case of GI.
· Annual Report for the last 2 years (in case of firm /company).
· Copy of the registration of the applicant industries/ producers/entrepreneurs.
· Copy of the proof for grant of patent/ registration of GI by the competent authority.
For more details http://www.dcmsme.gov.in/schemes/IPR10.pdf
Reimbursement of expenditures incurred while acquiring grant of patent (Indian Patent /PCT) at 90-100% in stages to an extent Rs.1,00,000/- and an equal amount as award after grant of final Patent, total not exceeding Rs.2,00,000/-
Reimbursement up to Rs.50, 000/- at 25% of cost of acquiring and adopting latest technology from CSIR & National Laboratories
For more details http://kctu.kar.nic.in/scheme.html