Intellectual Property Rights (IPR) are legal rights granted by the government to individuals over their mental creations or Intellectual Property (IP), and such rights take the form of a patent, copyright, trademark, design, and so on. In India, both the Central and State governments have implemented various schemes and policies to assist startups in registering intellectual property by reimbursing the costs of doing so. The primary objective of this blog is to acquire knowledge on “Karnataka Patent Reimbursement Incentive for Startups.”
The Government of Karnataka provides Startup Incentives through state incentives and policies to accelerate the growth of startups. According to the Karnataka Startup policy, the cost of filing and prosecuting patent applications will be reimbursed to incubated startup companies up to INR 2 lakh per Indian patent awarded.
The reimbursement process is divided into two stages, with 75% of funds provided for filing the patent and the remaining funds disbursed after the patent is granted. The following article provides an overview of the Karnataka Patent Reimbursement Incentive for Startups.
Application for reimbursement Post Filing of Patent
The applicant for reimbursement under this incentive must have already filed the patent for which reimbursement is being sought. The applicant may seek reimbursement for government fees paid to the appropriate authority, as well as attorney fees instead of drafting and consultancy fees, as applicable.
The reimbursement will be a one-time payment, and the applicant may not apply under this provision for the same patent application more than once.
Application for reimbursement Post Grant of Patent
The applicant for reimbursement under this incentive must have already been granted the patent for which reimbursement is sought and must have previously claimed reimbursement for post-filing costs.
If the applicant has previously been reimbursed up to 2 lakhs (Rupees) for filing a domestic patent and/or 10 lakhs for filing a foreign patent, the applicant will be ineligible for reimbursement under this provision, even if the patent has been granted.
Simultaneous Post-filing and Post-grant of Patent Reimbursement Application
The applicant for reimbursement under this incentive must already have been granted the patent for which reimbursement is sought.
The applicant may seek reimbursement for government fees paid to the appropriate authority, as well as attorney fees in lieu of drafting and consultancy fees, as applicable. Under this provision, the applicant is eligible for reimbursement up to a maximum of 2 lakhs (Rupees) for an Indian patent filing and 10 lakhs (Rupees) for a foreign filing.
The Karnataka Patent Reimbursement Incentive for Startups application process is outlined here:
The cost of filing and prosecuting a patent application will be reimbursed to incubated startup companies up to a limit of Rs. 2 lakh per Indian patent awarded, according to this Startup policy. Up to Rs. 10 lakh would be reimbursed for foreign patents granted on a single subject matter.
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