Scheme for Assistance to Micro, Small and Medium Enterprises (MSME): Assistance for Patent Registration

Description
The "Scheme for Assistance to Micro, Small and Medium Enterprises MSME " is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state& 39;s dynamic MSME sector, which significantly contributes to employment, GDP, and exports. Effective from August 7th, 2020 to August 6th, 2025, this initiative supports entrepreneurs and strengthens MSMEs, making them globally competitive. The component "Assistance for Patent Registration" provides financial support to individuals and legal entities for obtaining patent registration.

Exclusions
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Definitions
Micro, Small and Medium Enterprise
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

New Enterprise
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

Existing Enterprise
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

Expansion
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

Gross Fixed Capital Investment (GFCI)
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

Forward integration, Backward Integration and Diversification
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

Term Loan
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

Pipeline Enterprises
(Source: https://ic.gujarat.gov.in/documents/commondoc/2020/3-GR_02092020.pdf)

Benefits
• **Financial Support:** 75% reimbursement of patent registration expenses up to a maximum ₹25,00,000/- per applicant/enterprise. - **Attorney Fee Cap:** ₹50,000/- (domestic), ₹2,00,000/- per country (international).
• &gt; **Disbursement:**
• 50% after patent publication/notification.
• 50% after receiving the patent certificate.
• &gt; **Note:** Expenses related to travel and accommodation are not covered.

Eligibility Criteria
1. - Any individual or legal entity involved in innovation and product/process development.
2. - The patent must be registered within the policy period.
3. - The application must be submitted within one year from the date of publication/notification of the patent.

Application Process
Step 1: Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "New Investor Registration" to access the registration form.
Step-2: Fill in the Registration Form. Click on "Submit".
Step-3: Verify the E-mail ID using the link sent on your r…
Online

Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "New Investor Registration" to access the registration form.
Step-2: Fill in the Registration Form. Click on "Submit".
Step-3: Verify the E-mail ID using the link sent on your registered E-mail ID.
Step-4: After verification, you will be registered successfully.
Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "Login".
Step-2: Enter the email address and password you used during registration.
Step-3: Click the "Login" button to access your account.
Step-4: Now fill in the required details and mandatory documents about your business to complete the application process.

Required Documents
• Copy of Udyam/IEM/LOI Registration certificate.
• Particulars or constitution of the applicant/ patent holder.
• Copy of PAN Card of Enterprise.
• Copy of PAN Card of Applicant/Promoters/Directors/partners and authorised signatory.
• Copy of application submitted to patent office along with Form 2.
• Acknowledgement receipt for filing application for patent registration.
• Copy of patent publication / notification.
• Payment receipts of fees paid to patent office.
• Invoices and Payment receipts of fees paid to patent attorney.
• List of equipment purchased for developing patent with justification and bills of the same.
• CA Certified Detailed statement of expenditure for obtaining patent registration, as per the format specified in Annexure (For National patent, International patent, and country-wise patent send separate C.A. certified Statement).
• Highlighted Bank account statement of expenditure done for patent.
• Copy of CA Certified Balance Sheet of the last financial year./Annual Audit report. (if applicable).
• Copy of Board Resolution/Consent Letter/Power of Attorney. (if applicable).
• Self-declaration as per Annexure.
• Copy of cancelled cheque.
• Other Documents if any.

Frequently Asked Questions
Q: What is the "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)"?
A: The "Scheme for Assistance to Micro, Small and Medium Enterprises (MSME)" aims to position Gujarat as a global business destination by promoting sustainable manufacturing, inclusive development, and balanced regional growth.

Q: What is the duration of the scheme?
A: The scheme is effective from August 7, 2020, and will remain in operation until August 6, 2025.

Q: What is the objective of the component "Assistance for Patent Registration"?
A: The component "Assistance for Patent Registration" provides financial support to individuals and legal entities for obtaining patent registration.

Q: Who is eligible to apply for this scheme?
A: Any individual or legal entity involved in patent registration is eligible to apply under this scheme.

Q: What percentage of expenses is covered under this scheme?
A: The scheme provides financial assistance covering 75% of the total cost incurred for patent registration.

Q: What is the maximum financial assistance an applicant can receive?
A: An applicant or enterprise can receive a maximum financial assistance of [?]25,00,000/- during the policy period.

Q: What types of expenses are eligible for reimbursement?
A: The scheme covers expenses related to patent attorney fees, patent registration, patent service centers, and patent-related equipment purchases (excluding travel and accommodation).

Q: Is there a limit on the fees reimbursed for patent attorneys?
A: Yes, the reimbursement for patent attorneys is capped at [?]50,000/- for domestic patents and [?]2,00,000/- per country for international patents.

Q: How is the financial assistance disbursed?
A: The assistance is disbursed in two phases: 50% after the publication/notification of the patent and the remaining 50% after the issuance of the patent certificate.

Q: What is the deadline to apply for this assistance?
A: The applicant must submit the application within one year from the date of patent publication/notification. Applications submitted after this period will not be eligible.

Q: Are travel and accommodation expenses covered under this scheme?
A: No, travel and accommodation expenses are not covered under this scheme.

Q: Is the assistance applicable to both domestic and international patents?
A: Yes, the assistance applies to both domestic and international patents, subject to the specified attorney fee caps and overall reimbursement limit.

Q: Are taxes such as GST on patent fees covered under this scheme?
A: Yes, if GST is included in the invoice for patent-related services, it will be considered as part of the reimbursable expenses.