Startups
The scheme titled “Support for International Patent Protection in E&IT (SIP-EIT) – II” for Micro, Small and Medium Enterprises and Technology Startup Units is an initiative of Department of Electronics & Information Technology (DeitY), MCIT, GOI to facilitate MSMEs and Technology Startup units for international patent filing by providing financial support so as to encourage innovation and recognize the value and capabilities of global IP along with capturing growth opportunities in ICTE sector.
Eligibility: I.The Applicant should be registered under the MSME Development Act 2006 of Government of India. or II. The applicant should be a registered company under the Companies Act of Government of India. Or III. The applicant should be a registered STP Unit and should fulfill the investment limits in plant and machinery or equipment as defined in the MSME Development Act 2006 of Government of India. Or IV. The applicant should be a technology incubation enterprise or a startup located in an incubation centre/ park and registered as a company.
Funding Grant: A total of Rs 15.0 Lakhs per invention or 50% of the total expenses incurred in filing and processing of patent application upto grant whichever is less.
Time Period: Five Years