SIPP PROGRAM
SIPP PROGRAM
The Scheme for Facilitating Start-Ups Intellectual Property Protection (SIPP) is an initiative by the Indian Patent Office (IPO) to encourage and help startups protect their intellectual property (IP) rights. Launched in 2016, the program provides financial assistance and expert guidance to startups in filing and processing patents, trademarks, and design applications.
Key Features of SIPP Program:
Financial Assistance: SIPP provides a 50% rebate on the official fees charged by the IPO for filing and processing patent, trademark, and design applications. This rebate is capped at a maximum amount for each type of application.
Expert Guidance: The program empanels IP facilitators who offer startups free professional advice and assistance in preparing and filing their IP applications. These facilitators can guide startups through the entire IP process, from brainstorming to registration and beyond.
Simplified Procedures: SIPP streamlines the IP application process for startups by providing dedicated fast-track channels for expedited examination and processing. This allows startups to obtain IP protection for their innovations more quickly and efficiently.
Awareness and Capacity Building: The program organizes workshops, seminars, and online courses to create awareness about IP rights among startups and equip them with the knowledge and skills necessary to manage their IP portfolios effectively.
Benefits of SIPP for Startups:
Reduced Cost: The financial assistance provided by SIPP significantly reduces the cost of obtaining IP protection, making it more accessible to startups with limited resources.
Expert Support: The guidance and support offered by IP facilitators help startups navigate the complex IP landscape and ensure that their applications are prepared and filed correctly.
Faster Processing: The fast-track channels offered by SIPP enable startups to obtain IP protection for their innovations more quickly, giving them a competitive advantage in the market.
Enhanced Innovation: By protecting their IP rights, startups are encouraged to invest in innovation and develop new products and services without fear of imitation.
Eligibility for SIPP:
To be eligible for the SIPP program, a startup must meet the following criteria:
Registered as a private limited company or a partnership firm.
Incorporated in India not more than 10 years ago.
Have an annual turnover of less than ₹25 crore.
Demonstrate a working prototype or a minimum viable product (MVP) of their innovation.
Application Process:
Startups can apply for assistance under the SIPP program online through the IPINDIA website. The application process involves submitting the following documents:
Startup registration certificate
Proof of annual turnover
Technical description of the invention or design
Declaration of ownership of the intellectual property
Additional Resources:
SIPP Program website: https://ipindia.gov.in/SIPP.htm
List of empaneled IP facilitators: https://ipindia.gov.in/
FAQs about SIPP: https://ipindia.gov.in/SIPP.htm