In a bid to assistance the startup ecosystem in Maharashtra, the state government has taken a slew of initiatives. The state government will be supplying monetary help to revolutionary startups who want to file for patents. In the very first phase, about 125 to 150 startups will be supported with a monetary help of from up to Rs 2 lakh to Rs 10 lakh. Minister of Skill Development, Employment and Entrepreneurship Nawab Malik stated that youth-led startups providing revolutionary options typically need to have to incur considerable costs though filing patent applications. Despite getting revolutionary and deserving, quite a few startups are unable to file patents mainly because of the higher costs involved.
”In order to survive in a competitive planet, it is significant for startups and early stage entrepreneurs to defend their Intellectual Property Rights (IPR). With the objective of spreading awareness and supplying help to file the Intellectual Property Rights (IPR) application, this scheme aims to provide monetary help of up to Rs 2 lakh for a domestic patent application and up to Rs 10 lakh for an international patent application, topic to maximum 80% contribution by Maharashtra State Innovation Society set up by the Department of Skill Development, Employment and Entrepreneurship, on a reimbursement basis,” stated Malik on Tuesday.
The scheme will cater to utility patents, sector design and style patents, copyrights (restricted to laptop code) and trademark applications.
In order to be eligible, the applicant should really be a startup recognised by the Department of Industry and Internal Trade (DPIIT), Government of India and incorporated in Maharashtra. For domestic patent applications, considering that incorporation, the startup should really have a income of significantly less than Rs 1 crore. For international patent applications, considering that incorporation, the startup should really have a income of significantly less than Rs 5 crore. There are specific other such eligibility situations.
In case the startup has raised funds of more than Rs 3 crore, then the contribution from MSInS shall cut down to 50% alternatively of 80%. ”Maharashtra is one particular of the very first handful of states to provide an finish-to-finish platform for IPR applications, in addition to monetary help. This scheme shall enable establish Maharashtra’s position as an IP-led startup hub, playing to our benefit as the country’s most industrialised state,” stated Malik. He added that, post the launch of the scheme, the applications will be accepted on www.msins.in
Malik stated high-quality testing and certification is an significant expense for early stage startups. It is significant for any startup to get their revolutionary item / service tested in a laboratory. “The Government of Maharashtra has decided to assistance startups with costs incurred for high-quality testing and certification. As per this scheme, startups will be supported up to Rs 2 lakh, topic to 80% of the total price incurred for high-quality testing and certification, on a reimbursement basis. In order to be eligible beneath this scheme, it is mandatory to undertake these tests at a NABL/BIS recognized lab. Under this scheme, the state government aims to assistance around 250 startups,” he noted.
In order to be eligible for this scheme, the startup should really be recognized by the
According to Malik, this scheme will boost the competence of startups in item improvement and will also enable them turn into more competitive in the domestic and export markets. Maharashtra is amongst the very first handful of states to assistance startups with high-quality testing and certification fees. These schemes will be launched quite quickly by Chief Minister Uddhav Thackeray.