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ARTICLE · 05 MAY 2017

The Government Provides Support For International Patent Protection For Msmes

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IndiaIntellectual Property
Vikrant Rana
Vikrant Rana
Sanjeeta Das
Sanjeeta Das
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 In a bid to boost innovations from budding entrepreneurs the Department of Electronics & Information Technology (hereinafter referred to as 'DeitY') has rolled out SIP-EIT, a Scheme to Support International Patent Protection in Electronics and IT for Micro, Small and Medium Enterprises (hereinafter referred to as 'MSMEs') and Technology Start up Units. SIP-EIT will provide financial support for international patent filing to encourage innovation, recognize the value and capabilities of global IP and leverage the growth opportunities in The Information Communication Technology & Electronics sector (hereinafter referred to as the 'ICTE sector').

Reimbursement will be limited to a total of INR 15 Lakhs (US $ 23350 approx.) per invention or 50% of the total expenses incurred in filing and processing of patent application upto grant whichever is lesser.

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