Register your Patent and Trademark and get Reimbursed

IP filing has been increasing day by day with more industries getting more aware of its importance. If we see the trends of filing of patents, we will notice that more than 28000 applications were filed of which around 15000 patents were being granted as per the data available. Comparing the trend from previous years, the filing has been in an increasing trend which shows how industries and companies are getting aware of the rights of the filing of the patents. Also with the Make in India initiative, the government has been increasingly trying to provide different policies which help industries in streamlining the process effectively and more conveniently. The aim is efficiency with fast-paced results which is what the industries need these days.

About PHD Chamber of Commerce and Industry

PHD Chamber of Commerce and Industry, one of the prestigious Chambers of Commerce and Industry is 110 years old. Established in 1905, is a forward-looking, proactive, and dynamic multi-State apex organization working at the grass-roots level, with strong national and international linkages. It works in close coordination with business houses, the Government in the center, and the states, communities, and international bodies. It reaches the smallest industrial clusters with its well-conducted programs on the transfer of information sharing. PHD Chamber is more than an organization of the business community and the hallmark has been integrated development of the economy in which economic growth and social change being inseparable have been given adequate attention. PHD Chamber strongly believes that a skilled workforce would be an enabler for India’s growth story to come true and thus it has structured its chosen motto for the year 2015 as ‘Skilling India for Global Competitiveness.’ PHD Chamber contributes significantly to socio-economic development and capacity building in several fields through its research-based policy advocacy role. In a nutshell, PHD Chamber acts as a catalyst in the promotion of industry, trade, and entrepreneurship for the entire country.

Partnering with States

Its reach at places and dedication to the economic and social development at the pan India level makes it unique amongst the Chambers of Commerce and Industry. PHD Chamber’s geographical span covers the states of Bihar, Chhattisgarh, Delhi, Haryana, Himachal Pradesh, Jharkhand, Jammu and Kashmir, Madhya Pradesh, North Eastern –the seven sister states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura), Punjab, Rajasthan Uttar Pradesh, Uttarakhand and the Union Territory of Chandigarh with Gujarat in the pipeline. Headquartered in Delhi, the Chamber has its regional offices in Bihar, Bhopal, Chandigarh, Dehradun, Jaipur, Jammu, Lucknow, Raipur, and Shimla.

The success of PHD chamber can be attributed to seven thrust areas of PHC Chamber which are Industrial Development

• Education and Skill Development
• Infrastructure
• Health
• Affordable Housing
• Agriculture and Agribusiness
• Digital India

About the IP facilitation Centre

The PHD chamber has initiated the Intellectual Property Facilitation Centre. This center is working to assist the Micro Small and Medium Enterprise (MSME) in their pursuit of creating and registering IP and getting it reimbursed through the MSME IPR reimbursement scheme which is a scheme initiated under the Ministry of MSME, Government of India.

What is the scheme all about?

MSME has a lot of IPR needs and the government fully supports it by providing various schemes. The scheme for ‘Building awareness on Intellectual Property Rights (IPR) for the Micro, Small & Medium Enterprises aims for strengthening the base of MSME that hugely depends on IPR. All such industrial associations and experts can apply for this scheme. The requirements of reimbursement for Patents, GI, and Trademark reimbursement will be a Udyog Aadhar/UAM registered at MSME-Data Bank which will be needed for reimbursing the actual cost or expenses which the MSME incurred during the registration process. The Udyog Aadhar must be valid and even individuals holding the same will also be eligible for the same.  Moreover, relevant incorporation and documents such as the PAN number of the entity will also be needed.  The maximum grant of the domestic patent per application will be 25000 and for a foreign patent will be 2 lakhs. All such details with regards to the requirement of reimbursement will need to be furnished which will be scrutinized by the Implementing Agencies.

Author: Saransh Chaturvedi an associate at IP And Legal Filings,  in case of any queries please contact/write back us at support@ipandlegalfilings.com.