In an approach to back SME’s through post pandemic recovery, the UK Government have pledged to support with an IP Access Grant for those businesses who are looking to find assistance with protecting patents.
With a focused approach on ensuring that the UK are global leaders in innovation with research and development running as a central role in its expansion, the UK government are keen to invest and support UK business.
Open until 31st March 2022 and with grant values of up to £2500 + vat, companies will be able to cover professional fees for UK and abroad intellectual property applications for the following:
- IP asset management
- IP commercialisation
- Agreements for franchising and licensing
- Intellectual Property insurance
- Handling information via non-disclosure agreements
- IP strategy
- IP Valuation
- Advice for tax relief
IP Access Grant Qualification
Businesses must testify growth and innovation to be eligible for the IP Access Grant. They should demonstrate that they are technology led and have international enthusiasm to expand into global markets. Finally, they must have less than 500 employees
Should the business be successful in their application, then can then instruct an IP firm to manage their intellectual property requirements and grant funding.
* Please note that IP Access Grants do not cover, patent applications, trademark filling fees or design registrations.
You can find out more about how to make an application for grant funding via the .gov.uk website at https://www.gov.uk/government/organisations/intellectual-property-office
For further information on intellectual property including IP insurance please contact our team at Crendon Insurance. With an extensive portfolio and years’ worth of experience within the technology sector, we assist UK companies with intellectual property insurance, coupled with digital technology insurance and startup business insurance to help protect businesses as they expand within the technology market. For a confidential discussion about your business and its future ambitions, please contact us or refer to our intellectual property insurance pages for more details.
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