New Delhi, Oct 10 (KNN) In a significant boost for Micro, Small, and Medium Enterprises (MSMEs), the Federation of Indian Micro and Small and Medium Enterprises (FISME) has announced that its Intellectual Property Facilitation Centre (IPFC) will assist these businesses in securing reimbursement for their Intellectual Property Rights (IPR) filings.
FISME IPFC, while aiming to strengthen in general the competitiveness of MSMEs so that they can become a part of the global business community, will specifically endeavour to build greater awareness among MSMEs about IPR issues and provide insights to them on the complex mechanism of creation, ownership, and protection of Intellectual Property. Services include filing patents, trademarks, and designs.
Additionally, the IPFC offers thorough IP searches, prior art searches, novelty searches, validity searches, and Freedom to Operate (FTO) analyses, ensuring that MSMEs can make informed decisions regarding their intellectual property.
One of the key features of the IPFC is its facilitation of financial assistance for eligible MSMEs. The Ministry of MSME provides grants to support the costs associated with obtaining various forms of intellectual property.
The maximum financial assistance available includes Rs 5 lakh for foreign patents, Rs 1 lakh for domestic patents, Rs 2 lakh for Geographical Indications (GI) registration, Rs 0.15 lakh for design registration, and Rs 0.10 lakh for trademark registration.