Patent Support Scheme Kerala:-
As a component of the Kerala Startup Mission, the Government of Kerala developed the Patent Assistance Scheme. Businesses and student entrepreneurs who are successful in obtaining a patent through this program are eligible to receive financial assistance. Kerala Startup Mission, the state’s primary government agency for entrepreneurship development and incubation activities, has the responsibility of implementing the Patent Assistance Scheme, officially known as the KSUM Patent Assistance Scheme. In this article, we will discuss this scheme and all its latest developments.
Patent Support Scheme Kerala 2024
Participants who live in Kerala are the target audience for this new program. With a maximum payout of Rs 2 lakh per approved Indian patent, the Patent Support System aims to assist student and startup entrepreneurs by covering the whole cost of getting a patent, including the consultation charge. Successful prosecution of foreign patent applications in a single field of interest would result in a return of up to Rs 10 lakh. There will be three processes involved in the filing, the prosecution, and the refund granting.
Entrepreneurs and student innovators who meet the eligibility requirements can apply online through the KSUM website. There will be registration accessible on all days. The processing of applications received after the 20th of the month will be deferred until the following month. Submissions received before the 20th will be processed within that month.
| Article About | Kerala Patent Support Scheme |
| Launched by | Kerala State Govt. |
| Beneficiaries | Citizens of Kerala |
| Objectives | Provide Support for patents |
| Official Website | startupmission.kerala.gov.in |
Objective
The Kerala government has announced the launch of the Kerala Patent Assistance Programme, which aims to encourage entrepreneurship and innovation in the state by covering the expenses paid by startups and students in obtaining national and international patents for their innovations. The action is a part of Kerala’s larger plan to foster an innovative and creative problem-solving culture. Utilizing the excellent resources and support provided by the State, the program will cover all patent applications filed through registered patent attorneys after November 9, 2015, with the goal of promoting innovation and entrepreneurship.
Benefits
- Offering Rs 2 Lakhs for each Indian patent and Rs 10 Lakhs for each international patent is the program’s primary and most significant benefit.
- This service does not include provisional patent filings, patent searches, drafts, and filings, preparation of claims, fast-tracking fees, prosecution of claims, or grant activities of prosecution against appellate authorities that have previously denied your claims for legitimate grounds. Patent Renewals are not either.
- The plan solely supports patents as a kind of intellectual property rights—no copyrights, trademarks, or other.
Eligibility
- The first is the date: Patent applications filed after November 9th, 2015, will be the only ones considered.
- A proprietorship or limited liability partnership is the best type of legal structure for a startup company or a new business.
- Programs are not available to innovators.
- If they fulfill the conditions, student entrepreneurs can apply directly through their IEDCs for patent financing.
- Within ten years of its incorporation, the new firm must register in Kerala and must have a Udyog Aadhar number in addition to a DIPP.
- Financial assistance will only be available to students who are actively pursuing their academic objectives.
- The program does not offer funding for the renewal of patents.
- The program does not reimburse litigation against judicial review bodies that have previously denied a patent applicant’s claims.
Startups Documents
- Details about proof of residence
- Documents for starting a business
- A copy of the assigning and assignor agreement, if there is one.
- Original invoice and receipt in paper form.
- Original Bank Statement that shows how much was sent.
- A short summary of the ideas or claims that are being patented.
- Copy of the certificate for a provisional patent.
- If you get a patent, you will get a patent certificate.
- Changes, copies of the patent application, early publication, early review, and early publication.
- When a company receives technology from its original inventor, the startup requires NOC from the original inventor to pay for the patent.
- If the patent is filed before the company is formed or registered, the costs of the patent are paid back to startups that use the filed patent idea or technology to build their business.
Students Documents
- An original hard copy of the IPR India-signed and sealed invoice and receipt for the consultation and IPR costs.
- The confirmed original bank statement, which also contains the money transfer statement.
- A recommendation letter from the IEDC confirming the project’s legitimacy.
- A succinct synopsis of the ideas or claims covered by the patent a duplicate of the interim patent certificate, if applicable.
- In the case that a patent is obtained, the patent certificate.
- Original application revisions, early publication, early inspection, copies of the patent application, or an IPR receipt.
- Details of Residence Proof.
- A letter from the institution confirming the applicant’s current enrollment, signed by the principal or another appropriate official.
- The project’s long-term objectives.
KSUM Patent Support Scheme Application Process
To register, follow the steps given below:-
- First, visit the Official Website.
- After that, click on the apply here option.
- A new page will open on your screen.
- Now, log in with KSUM, Startup India.
- After that, a form will open on your screen.
- Here, enter all the required details.
- Finally, click the submit button.
