Patent is an exclusive right granted by the State for an invention that is new, involves an inventive step and is capable of industrial application. It gives its owner an exclusive right to prevent or stop others from making, using offering for sale, selling or importing a product or a process, based on the patented invention, without the owner’s prior permission.
A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks are protected by intellectual property rights
Copyright is a type of intellectual property that gives its owner the exclusive right to make copies of creative work, usually for a limited time. The creative work may be in a literary, artistic, educational, or musical form.
Geographical Indications (GI) are names associated with goods which identify such goods as agriculture goods, natural goods or manufactured goods as originating, or manufactured in the territory of a country or a region or locality in that territory, where a given quality, reputation or other characteristic of such goods is essentially attributable to its geographical origin.
MABIF one of the best incubation centers in India recognizes that intangible assets like inventions, copyright, GIs, designs, and other creative and innovative products generated during the scientific and intellectual pursuits of our clients and Research students provide a competitive edge to the startups.
In order to protect the intangible assets of MABIF stakeholders, MABIF proposed an IP cell to the Ministry of Micro, Small, and Medium Enterprises and awarded Rs.100 lakhs to setting up an Intellectual Property Facilitation center from the Ministry in May 2020 and operationalized since January 2021. The scheme mainly focussed on Building Awareness on Intellectual Property Rights (IPR, enhancing awareness of MSMEs about Intellectual Property Rights, assists to SMEs in technology up-gradation and enhancing competitiveness and for effective utilization of IPR tools by MSMEs.
Under this scheme, registered Indian MSME will be provided one-time financial support limited up to Rs. 1,00,000/- for on grant of domestic patent and Rs. 2.00 lakh for a foreign patent and up to Rs.10,000 for a Trademark registration . For registering under the Geographical Indications of Goods Act, one-time financial support will be limited up to Rs. 2.00 lakh. The support of GoI will be in form of reimbursement to the applicant. The amount of grant will be restricted to the actual or the ceiling mentioned above, whichever is lower.