Intellectual Property Rights (IPR) Reimbursement Scheme

About This Scheme

The scheme “Intellectual Property Rights (IPR) Reimbursement Scheme” is a scheme by the Department of Information Technology, Electronics and Communications, Government of Goa, for the Startups of Goa. The scheme is a part of the Start-up Policy 2017. The objective of the policy is to make Goa an aspirational geographical and human resource base for startups. The objective is to invite the best entrepreneurial minds and build a robust start-up ecosystem in the State. The policy contains various incentives for Start-ups and to avail the benefits of these incentives, the government has proposed many schemes under the policy.

Eligibility

1. All the Start-ups certified by the Start-up Promotion Cell (SPC) having a valid start-up certificate number are eligible. 1. IP created for a technology-based service or product or uses technology for enhancing functionality or reach of an existing product or service is eligible. 1. The applicant should have already filed or been granted an IP with the concerned authority. 1. The applicant should have paid the mandatory government fees and attorney fees in this regard. 1. Only expenditures incurred after notification of Goa Start-up Policy 2017 within the validity of this policy and paid for digitally would be considered. NOTE: If the applicant has applied for the reimbursement benefits/ grant for the same IP in any other scheme of the Centre or other State Government, then the application will be rejected.

Benefits

1. For start-ups registering national and international IP, the Start-up Promotion Cell will reimburse up to 50% of the cost incurred by the start-up in fees and all other costs associated with IP application, if the IP is registered successfully, subject to a cap of ₹ 2,00,000 for national IP and ₹ 5,00,000 for international IP.1. This benefit can be availed by a maximum of 200 startups each year. 1. Once the application is approved by the SPC, the approved amount shall be disbursed within 60 days from the date of approval. NOTE 1: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications. NOTE 2: The reimbursement amount will be released/ disbursed on the seniority basis/ SPC recommendation depending upon the budget allotment of the State Government. NOTE 3: The reimbursement will be in the nature of a one-time payment and the applicant cannot apply under this provision more than once for the same IP application.

How to Apply

Where This Comes From

This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.