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The Ideas Powered For Business Sme Fund 2024

The Ideas Powered for Business SME Fund 2024

Olena Shmanko

Olena Shmanko

15 February 20242.5 min read

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The Ideas Powered for Business SME Fund 2024

Are you ready to take your business to the next level? The SME Fund is here to turbocharge your growth journey by unleashing the power of intellectual property protection. Picture this: it's 2024, and we're about to embark on a groundbreaking adventure filled with innovation, creativity, and financial rewards.

Imagine being able to secure funding not just for trademarks and industrial designs, but also for patents – for the very first time! That's right, the SME Fund is breaking barriers and opening doors like never before. With up to €6000 in cost reimbursements up for grabs, the possibilities are endless. But wait, there's more! The clock is ticking, and you have until December 6, 2024, to seize this golden opportunity.

Who can benefit from the SME Fund, you ask?

If you're a small or medium-sized enterprise based in the European Union, the answer is simple: you! Whether you're a lone wolf entrepreneur or a dynamic commercial entity, as long as you meet the eligibility criteria, you're in the game. And trust us, the rewards are worth it.

The SME Fund provides 4 different vouchers that can be used to apply for reimbursement of costs related to various aspects of intellectual property. These services include trademark, design, patent, plant variety applications, and IP Scan services.

Voucher 1: IP Scan.

Receive up to 1350 EUR for intellectual property audit and enforcement services.

Voucher 2: Trademarks and Industrial Designs.

75% discount on basic fees for filing a trademark and design at EU, national, and regional levels, and 50% discount on basic fees for filing a trademark and design outside the EU, saving up to 1,000 EUR.

Voucher 3: Patent - New!

This year, the SME Fund offers an even wider range of services, including funding for legal costs related to the preparation and filing of a European patent application (up to 50% or €2,000, if submitted by a professional representative from the official EPO list).

Voucher 4: Plant Variety Protection.

Up to 1500 EUR per beneficiary! Refund of 75% of fees for submitting the application online and its examination by CPVO.

But let's talk numbers

With four types of vouchers on offer, the SME Fund is ready to fuel your intellectual property journey like never before. From trademarks and industrial designs to patents and community plant variety protection, we've got you covered. Picture yourself saving up to 75% on EU-level applications and up to 50% on international filings. It's a game-changer, to say the least!

Now, let's dive into the nitty-gritty. Imagine protecting your brand on a global scale, securing your place in the market and leaving your competitors in the dust. With the SME Fund by your side, it's not just a dream – it's a reality. But remember, timing is everything. So don't wait until it's too late – seize the moment and unlock your business potential today!

But hold your horses, there are a few things to keep in mind. Cost reimbursement is only possible after receiving the grant, so make sure to apply early and often. And don't forget about those expiration dates – vouchers are valid for two months, with an option to extend. So don't let this opportunity slip through your fingers – apply now and watch your business soar!

SME Fund - Procedure

We can help you to manage all formalities and elevate your business to a higher level!

To file an application for a chosen voucher we will collect from you and verify the following documents:

  • Bank statement of the company;
  • VAT certificate or tax identification number certificate;
  • Statements of authorized persons - if the application is submitted by a representative.

Is it worth participating in the program?

From our experience, many entrepreneurs refrain from registering trademarks and industrial designs due to a lack of funds they could allocate for this purpose. Such savings are understandable in today's financially challenging times. However, as repeatedly proven, they are illusory. The misappropriation of a trademark by a competitor can result in irreparable damage, requiring significant financial resources to rectify—much larger than registration fees. Therefore, since it's possible to obtain a refund for the funds spent on intellectual property protection so easily, it would be a sin not to take advantage of such an opportunity.

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