New innovations are what reposition a company as a market leader. However, some MSMEs do not have the necessary financing to file for a patent for a technology they have developed. If you’re an MSME facing such financial shortages, you can benefit from the government’s Support International Patent Protection in Electronics and IT (SIP-EIT) scheme.
The SIP – EIT is a scheme initiated by the Department of Electronics and Information Technology (DeiTy) that provides financial support to start-ups and Micro, Small and Medium enterprises (MSMEs), allowing them to file for patents for technology, designs or products they have researched and manufactured.
How does an MSME benefit from this scheme?
This scheme provides financial support for international filing in Information Communication Technologies and Electronics sector.
This scheme also reimburses up to ₹15 lakh per invention or 50% of the expenses incurred in filing a patent.
What types of expenditures are reimbursed?
The type of expenditures that are reimbursed during patent filing include all patent processing costs such as:
- Attorneys’ fees
- Patent office filing fees
- Examination fees
- Patent search cost
- Additional cost for entering National Phase up to grant/issue.
Subsequently, after the grant, the cost will be borne by the industry.
What is the eligibility criteria for this scheme?
The following is the eligibility criteria for this scheme.
- The applicant has to be a registered MSME.
- The investment in plant and machinery must not exceed ₹10 crore for an MSME that engages in the manufacture or production of goods
- The investment in plant and machinery must not exceed ₹5 crore for an MSME that engages in providing or rendering of services
- The MSME’s in-house R&D department must be certified by DSIR
- The technology incubation enterprises must be registered as companies with support under any government scheme
What are the criteria for acceptance of patent applications for consideration of financial support?
- The applicants should have already filed a patent application for the said invention in India
- The invention must be in the electronics/ICT technology domain
- The application must be accompanied by prior art search report from an International Search Authority/Registered Attorney Firm or any other agency of repute
- The patent applications are to be processed through a registered patent attorney in a patent attorney firm having an experience of at least 5 years in handling international patent applications
- The applicant can apply for the support at any stage of international filing. However, reimbursement will only be applicable to expenditures incurred subsequent to the date on which application has been cleared for support
How can an MSME apply for this scheme?
An MSME can apply for this scheme online by clicking here.
Which are the documents that need to be submitted to apply for this scheme?
The following list of documents must be submitted in order to apply for this scheme:
- Application form (giving requisite information about the applicant and the invention)
- Reimbursement details (as per the format in the application form)
- Patent search report
- Product brochure (if any)
- Copy of registration of the applicant industry
- Copy of official filing with Indian Patent Office
- Latest annual report of the company
- Proof of DSIR recognition of in-house R&D in industry (preferred) / proof of government supported incubation enterprise
- Declaration (as given in the application form)