6 July 2021 - Comments Off on Did you know that EU funds are available for your business now?
During 2021, small and medium-sized companies (SMEs) in the European Union can apply to the SME Fund and get reimbursed up to €1500 on their intellectual property costs.
Too many companies do not make use of intellectual property (IP) protection opportunities and put themselves in a disadvantaged position. Only 9% of small and medium-sized companies in the EU have registered IP rights but those that do report 68% more income per employee than those that don’t (IP Contribution Study 2021). In addition, financial analysts and investors recognise IP as a critical asset in a firm’s value indicating its technological and growth potential.
Given these findings, the European Commission and the European Union Intellectual Property Office (EUIPO) have recently launched the Ideas Powered for Business SME Fund, a grant scheme aimed at businesses that wish to develop their IP strategies and protect their IP rights at national, regional or EU level.
The Ideas Powered for Business SME Fund has reached almost 6 000 European SMEs to date, an impressive 71.8% of whom are new to trade mark and design protection.
The fourth application window is open from 1 July until 31 July 2021.
Successful applicants can get reimbursed for:
- 50% of the cost of basic application fees for trademarks and designs at national, regional and EU level (all EU countries);
- 75% of the cost of IP pre-diagnostic service (IP Scan) to help you develop an IP strategy (SMEs registered in these countries can apply).
See here information and the application form in all EU languages.
Prepare your application now using the ‘checklist for applicants’.
Free expert advice on your intellectual property matters
In addition, if you have questions on any intellectual property matter, the EUIPO will put you in touch with intellectual property experts who can help you free of charge. Apply here for free personalised consultations offered by IP experts from all over the EU. The EUIPO will match you with IP experts according to your needs and that speak your language.
These initiatives are part of the EUIPO ‘Ideas Powered for business’ support services to help EU businesses during the COVID-19 crisis.
Published by: Lisa