Addressing a virtual gathering of entrepreneurs held to celebrate the inaugural National Startup Day (January 16), Prime Minister Narendra Modi termed startups as the “backbone“ of new India and the engine that will power the nation’s economic growth in the run up to the 100th year of Independence. As innovation and inventiveness is key for startups, the government has rolled out a string of measures to foster the grant of IPR protection to startups.
Need of strong IPR protection for Startups
- Protecting innovative and new ideas that give startups a competitive edge;
- Developing intangible assets for increasing the value of the startup as well as the marketed products/processes;
- Delivering enthusiasm to investors, clients, and other stakeholders by brand-making;
- Ensuring that no conflict occurs between the founders and promoters with respect to the licensing, merchandize and other IP rights.
In line with the various government decisions taken in recent times to harmonize the emergence and sustenance of the startup-culture in India, the Scheme for Startups Intellectual Property Protection (SIPP) was launched by the government to facilitate protection of Patents, Trademark and Designs of innovative and interested Startups. Initially being run on a pilot basis, the scheme was in force up to 2020. However, the scheme has been extended further for a period of three years till 31st March 2023.
Scheme for Startups Intellectual Property Protection (SIPP)
The SIPP scheme aims to promote IP awareness and adoption of IPR protection amongst Startups by nurturing and mentoring innovative and emerging technologies by assisting them in protecting and commercializing it through high-quality IP services and resources.The scheme facilitates the start-ups to file applications for patents, designs and trademarks through registered facilitators in appropriate IP offices by paying only the statutory fees.
Any startup recognised by DPIIT is eligible to avail the benefit of this scheme without requiring to further obtain an Inter-Ministerial Board of Certification. However, startups will be required to give a self-declaration that they have not availed funds under any other Government scheme for the purpose of paying the facilitator/patent agent/trademark agent for filing and prosecuting their IP application.