Russian (Russia)

The high importance of the protection of intellectual property assets has long been recognised by the business world. However, there are many businesses which wish to proceed with applications to protect their intellectual property assets but they usually hesitate to do so because of the high cost of registration procedure. This is particularly true mainly in relation to small and medium-sized enterprises, which consist the vast majority of all European Union businesses. 

If you have a small or medium-sized business having its registered office at one of the 27 member states of the European Union, you should consider if you are entitled to take advantage of the new scheme of reimbursement of up to EUR 20 million, named “Ideas Powered for Business SME Fund” which lays down for the provision of IP vouchers to small or medium-sized businesses, enabling them to acquire intellectual property rights and to protect them at less cost. The said scheme is supported by the European Commission and the EUIPO.

This financial support is provided, amongst others, by reimbursement of the cost of trade mark and/or design applications at national, regional (Benelux) and European Union level. The territorial level of protection that shall be chosen by the businesses, depends on the business strategy and growth plans as well as the needs and the capacity of each business. According to the scheme, each business can apply for reimbursement of 50% of the basic application fees, with a maximum reimbursement of EUR 1 500 for each of them.  

Applications are open from the 11th of January 2021 and the application procedure will take place in five phases. Applications can be made only during each of the five designated time periods and as announced, they will be handled on a “first come, first served” basis. The application procedure is very simple and easy and applications are submitted online.

In case that the application is accepted, the applicant receives a grant decision signed by the EUIPO and within 30 days following the receipt of this decision, he shall file the application for trade mark or industrial design registration and pay the relevant fees. Then, the applicant shall submit its request for reimbursement. The payment is made within one month following the submission of the request for reimbursement.

This new scheme was created to support small and medium enterprises enabling them to secure their IP rights. The creation of the fund shows the high importance of small and medium-sized enterprises in the European Union as well as how significant is to allow these enterprises to access to the protection of their intellectual property assets.

We can assist you with trade mark or industrial design registration and any other issue related to intellectual property rights. Please contact us by phone at +35725817181 and by email at  Адрес электронной почты защищен от спам-ботов. Для просмотра адреса в вашем браузере должен быть включен Javascript..  

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