Tuesday, Feb 27 2024 | Time 06:23 Hrs(IST)
Business Economy

Kerala Govt to reimburse patent cost to startups, student entrepreneurs

Thiruvananthapuram, Nov 1 (UNI) Seeking to encourage innovation and recognise the value and capabilities of intellectual properties and technology innovations in Kerala, the State Government has come out with a scheme to reimburse the cost met by startups and students for obtaining national and international patents for their inventions.
Under the scheme, implemented through Kerala Startup Mission (KSUM), the government will reimburse upto Rs 2 lakh for startups and students securing national patents and upto Rs 10 lakh for those bagging international patents, a release said on Tuesday.
KSUM, the government’s nodal agency for entrepreneurship development and incubation activities in the state, has invited applications from eligible startups and student innovators under the scheme, titled Patent Support Scheme.
“This is a highly rewarding scheme that will motivate and encourage startups and student entrepreneurs in Kerala’s robust ecosystem. This comes as a big support, especially for early-stage startups which have developed unique products and are planning to secure patents for their market launch and scaling up”, said KSUM CEO Anoop Ambika.
The scheme, which aims to promote entrepreneurship and innovation by taking advantage of excellent facilities and supports available in the state, will cover all patent applications filed through registered patent attorneys after November 9, 2015.
The eligible startups and student innovators can submit online applications via the KSUM portal. Registration will be open on all days. The applications received before the 20th of every month will be processed that month itself and those received after 20th will be carried forward to the next month for processing.
For registration, visit: https:tartupmission.kerala.gov.in/schemes/patent-support.
More details of the scheme can be obtained by visiting: [email protected].
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