MSME Sector in India - Key Government Schemes and Initiatives to support MSMEs (R&D, IPR support schemes) - Part - 13

Key Government Schemes and Initiatives to support MSMEs (R&D, IPR support schemes)

MSME Sector in India

Part 13

R&D, IPR support schemes

5 R&D, IPR support schemes–

IPR schemes were launched for building awareness on IPRs so as to enable MSMEs to use the tools of IPR effectively for innovative projects. The Ministry of MSME has set up an intellectual property cell which provides a range of IP related services such as prior art-search, validity search, patent landscape, studies on technology development, etc.

5.1. R&D Funding scheme provides funds to institutions/ organizations in the area of research and development, for technical collaboration, etc.

R&D, IPR support schemes

5.2. Multiplier Grants scheme

Aims to encourage and accelerate development of indigenous products by establishing, nurturing and strengthening the linkages between the Industry and R&D Institutes. The objective of the scheme is to bridge the gap between R&D and commercialization by strengthening linkages between the industry and R&D institutes.

The maximum funding ranges between INR 2 crore and INR 4 crore. The grants cover specific expenditures under the project like equipment’s, consumables, manpower, travel and training, contingencies, and overheads (which are limited to 15 % of the total project).

R&D, IPR support schemes

5.3. Building Awareness on Intellectual Property Rights scheme endeavors to enhance awareness among the MSMEs about IPRs. Under this scheme, financial assistance is provided for conducting awareness programs on IPRs including seminars, workshops, training, etc.

Additionally, it also offers one time financial support limited up to INR 25,000 on grant of domestic patent and INR 2 lakh for foreign patent to MSMEs.

R&D, IPR support schemes

5.4. Support International Patent Protection in Electronics and IT (SIP-EIT) –

This scheme provides financial support up to 50% of total patent cost (subject to a max. of INR 15 lakh) to MSMEs for international patent filing so as to encourage indigenous innovation.

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