More than €60 million fund for SMEs to better protect their intellectual property

Daily News 23 / 01 / 2023

Economy - published on 24 January 2023
Source: European Commission Spokesperson’s Service

Today, the Commission and the European Union Intellectual Property Office launched the 2023 edition of the EU SME Fund.
The fund offers intellectual property vouchers for EU-based SMEs to help them better protect their intellectual property (IP).

Specifically, intellectual property vouchers offer applicant SMEs the opportunity to cover certain costs related to the assessments of their IP needs through so-called ‘IP scan services’ provided
by Member States. In addition, the voucher can be used as a reimbursement for a range of IP protection tools including patent, trademark and design registration costs. For the first time, the 2023
SME Fund will also cover reimbursement of plant varieties and European patents. Once the Unitary Patent system will be operational, the SME Fund may also cover the registration costs of it.

The 2023 SME Fund makes available €60 million for intellectual property vouchers in the coming year, to be implemented by the EUIPO. This includes €5.1 million in funding from the Commission for
services related to patents and plant varieties. An SME may save €1,500 per patent application and €225 per plant variety application.

Helping SMEs protect their intellectual property is one of the key objectives of the
SME Strategy
for a sustainable and digital Europe and the 2020 Action Plan
on Intellectual Property. With the SME Fund, the Commission is supporting SMEs to better manage their IP portfolios, in view of helping them accelerate their green and digital transitions, as well
as support their overall recovery from recent crises like COVID-19 and the impact of the Russian invasion of Ukraine.

More information about the 2023 SME fund is available online.

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