The scheme, in force till March 31, 2017, is being "extended further for a period of three years", the Department of Industrial Policy and Promotion (DIPP) has announced through a circular.
"The scheme of SIPP aims to promote awareness and adoption of intellectual property rights (IPR) among start-ups. The scheme is inclined to nurture and mentor innovative and emerging technologies among start-ups and assist them in protecting and commercialise it by providing them access to high-quality IP services and resources," the DIPP said.
Start-ups covered under this scheme will not be required to get a A-certificate of an eligible business from the Inter-Ministerial Board of Certification, it said.
"However, start-ups 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," DIPP added.
In 2016, the government announced several incentives, including tax benefits, under a Start-up India Action Plan.
While the DIPP has empanelled several facilitators for providing IPR-related services to start-ups, the government has decided to bear the entire cost of facilitation for filing of patents, trademarks or designs.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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