IPIL: SME Fund 2024 – EU Grant Scheme Empowers Small and Medium-Sized Enterprises

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Luxembourg’s Institut de la Propriété Intellectuelle (IPIL G.I.E.) and the Intellectual Property Office of the Ministry of Economy are delighted to announce the renewal of the Ideas Powered for Business SME Fund for the year 2024.

This EU grant scheme, provided by the European Commission and the European Union Intellectual Property Office, aims to assist European Small and Medium-sized Enterprises (SMEs) in financing the registration of intellectual property rights, including patents, trademarks, designs, and plant variety rights. The initiative is set to run from January 22 to December 6, 2024.

Building on the success of the SME Fund in 2021, 2022, and 2023, the initiative has been extended for the year 2024.

The SME Fund 2024 is supported in Luxembourg by the Intellectual Property Office of the Ministry of Economy, IPIL G.I.E., and the Benelux Office for Intellectual Property.

This year’s SME Fund offers funding for an even broader range of services which cover:

Trademarks and Designs:
Up to 75% of filing fees (up to €1,000).

75% of fees for prior art searches provided by intellectual property offices.
Up to 75% of filing, search and examination, grant, and publication fees (up to €1,500).
New in 2024: 50% of patent applications drafting fees by IP professionals (up to €2,000).

Plant Variety Rights:
75% of online application filing fees for the registration of new plant varieties.
New in 2024: 75% of examination fees at CPVO (€1,500).

For more information on the SME Fund 2024, click here

To take advantage of the SME Fund:

  • Submit your grant application.
  • Receive your grant award and IP vouchers.
  • Request and pay for IP-related activities.
  • Get reimbursement.

It’s important to note that IPIL also provides a complimentary intellectual property diagnosis service, including an online pre-diagnosis and a personalised coaching session (BOOST-IP coaching session).

For any further question, feel free to contact IPIL.

The “Ideas Powered for Business” Fund for SMEs is an initiative of the European Commission, implemented by the European Union Intellectual Property Office (EUIPO). This funding scheme underscores the commitment to fostering innovation and protecting intellectual property among Europe’s small and medium-sized enterprises.

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