Intellectual Property Rights (IPR) Reimbursement Scheme

The scheme broadly mentions that technology-based services or products are eligible for reimbursement. Specific categories may not be outlined in the scheme, so applicants are encouraged to apply if their IP involves technology in any form.

The approved amount for reimbursement is determined based on seniority and SPC recommendation, considering the budget allotment of the State Government.

While specific document requirements may vary, applicants typically need to submit relevant documents related to their IP filing or grant, proof of payment of mandatory government fees and attorney fees, and any other documents specified by the SPC in the application process.

The SPC plays a central role in the application process. It receives and evaluates applications, conducts due diligence on expenses, recommends applications for reimbursement, and has the authority to accept or reject claims. Their decision is final and binding.

The applications received by the SPC shall be evaluated, and approval or rejection shall be notified within 45 days from the receipt of the application by the SPC. Once approved, the disbursal of the approved amount will occur within 60 days from the date of approval.

Applicants can apply for this scheme at any time during the financial year, but they must do so within six months of incurring the relevant expenditure.

Only expenditures incurred after the notification of the Goa Start-up Policy 2017 and paid digitally will be considered for reimbursement. If digital payments are not possible, the decision to admit the expenditure will be at the discretion of SPC, subject to their due diligence.

Yes, the bank accounts of the directors of the company should be linked to Aadhaar.

If an applicant has applied for reimbursement benefits or a grant for the same IP under another scheme, their application will be rejected under this scheme.

Startups can apply for this scheme at any time during the financial year, but they must do so within 6 months of incurring the relevant expenditure. This ensures that applications remain timely and aligned with the scheme's requirements.

Once an application is approved by the SPC, the approved amount will be disbursed within 60 days from the date of approval. It's important for startups to ensure that they have met all the scheme's requirements and provided the necessary documentation to facilitate a smooth disbursal process.

Applicants can expect to receive notification within 45 days from the date of their application's receipt by the SPC. This notification will confirm whether the application has been approved or rejected.

Under this scheme, startups that successfully register national and international Intellectual Property (IP) can receive reimbursement for up to 50% of the costs incurred during the IP application process. The reimbursement is subject to a cap of [?]2,00,000 for national IP and [?]5,00,000 for international IP. However, it's important to note that this benefit is not guaranteed and is subject to approval by the Start-up Promotion Cell (SPC), which retains the right to accept or reject applications.