Kerala to reimburse patent cost to startups, student entrepreneurs- The New Indian Express

By: Express news service

THIRUVANANTHAPURAM. The state government has come up with a new scheme to reimburse the costs incurred by startups and students to get national and international patents for their inventions. The scheme aims to encourage innovation and recognize the value and opportunities of intellectual property and technological innovation in Kerala.

Under the scheme, implemented through the Kerala Startup Mission (KSUM), the government will reimburse up to Rs 2 lakh for startups and students securing national licenses and up to Rs 10 lakh for those with international licenses.

KSUM, the state agency for entrepreneurship development and incubation activities in the state, has invited applications from eligible startups and student innovators under the Patent Support Scheme. “This is a very beneficial scheme that will encourage and incentivize startups and student entrepreneurs in Kerala’s robust ecosystem.

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This is a great support especially for early-stage startups that have developed unique products and are planning to secure patents for their market launch and expansion,” said Anoop Ambika, CEO, KSUM. The scheme, which aims to promote entrepreneurship and innovation by taking advantage of the excellent opportunities and support available in the state, will apply to all patent applications filed after 9 November 2015 through registered patent attorneys.

Eligible startups and student innovators can apply online through the KSUM portal. Registration will be open on all days. Applications received before the 20th of the month will be considered that month, and those received after the 20th will be moved to the next month for processing. For more details visit [email protected]

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