Earlier this year, the European Commission and the EUIPO announced the launch of a support fund for small and medium-sized businesses, with a total value of €47 million. Its main objective is to recover SMEs from the coronavirus pandemic and encourage the transition process in the digital environment, as well as the protection of the brand or inventions. Thus, companies can obtain refunds of up to 90% of the fees charged by national and international offices for intellectual property services.

These services include trademark registration, for which a refund of 75% of the amount invested is offered to national and European intellectual property offices and 50% to the World Intellectual Property Organization. If you have not yet registered your brand or want to launch a new business, this is a good opportunity not only to ensure the integrity of your brand, but also to invest the money recovered in another business direction.

Moreover, if you want to guarantee that your invention is protected, you will now be able to take less money out of your pocket for the registration of a patent, while you can apply for a 50% refund of fees for national offices.

Last but not least, a thorough check of the intellectual property assets that need to be protected and an identification of those that can bring new sources of income to your company is now much more cost-effective. Thus, you can get a 90% return on your investment in the IP Scan service, which is a general valuation of your intellectual property.

In order to benefit from these reimbursements, it is necessary to submit an application for funding, the selection criterion being based on the “first come, first served” principle. You can ensure that your app will be successful by using an intellectual property firm. Thus, the CAS Agency takes over all the responsibilities of applying for a European grant, ensuring that your file has all the necessary documents and information. Also, any issues that arise during the process are resolved in a timely manner.

Contact them to find out more details about the discounts offered and the conditions of applicability, and make sure you protect your brand before promoting it.