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Start-Ups Intellectual Property Protection

  • IASbaba
  • December 6, 2022
  • 0
Governance
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In News: Government has revised the scheme for facilitating Start-Ups Intellectual Property Protection (SIPP) to upgrade the professional charges of the facilitators.

  • The facilitation fees increased by at least 100 percent.

About the scheme:

  • The scheme was launched in 2016
  • The revised scheme is applicable from 02 December 2022.
  • The Scheme is implemented by the Controller General of Patents, Designs, and Trade Mark CGPDTM (under DPITT – MoCI).

Aim:

  • to protect and promote Intellectual Property Rights (IPR) of Startups.
  • to encourage innovation and creativity
  • to promote awareness and acquire of IPRs among the Start-Ups.
  • To assist in protecting and commercializing IPRs by providing access to high-quality IP services and resources.

Eligibility:

  • Companies must be recognized as Start-Up by DPIIT under Start Up India Initiative.
  • Period of existence should not exceed 10 years.
  • Annual turnover Rs. 100 crore for any financial year since inception.
  • Entity should be working towards development of a product, process, or service.

Findings:

  • Patent applications filed by Start-Ups have increased from 179 in 2016-17 to 1500 in 2021-22.
  • Trade Mark applications filed by Start-Ups have increased from four in 2016-17 to eight thousand 649 in 2021-22.

Source: NewsOnAir

 

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