SME FUND 2023 – Grant Funding to Protect your IP

June 12, 2023

Are you an SME seeking support to protect your intellectual property and fuel your growth? Look no further! In this blog post, we will explore the European Union Intellectual Property Office’s (EUIPO) SME Fund 2023 and how it can part-fund your IP protection costs.

What is the EUIPO?

In this fast-paced and competitive business landscape, SMEs often struggle to navigate the complexities of intellectual property rights and secure the necessary resources to drive innovation. The EUIPO’s SME Fund 2023 offers a range of services and financial support to empower small businesses and foster their growth. Let’s explore the main points that make the SME Fund 2023 an invaluable resource for SMEs throughout Europe:

  • Intellectual Property Support: The SME Fund recognises the importance of safeguarding intellectual property rights as a vital asset for businesses. By providing expert guidance and financial assistance, the fund helps SMEs protect their trademarks, designs, and patents, ensuring they can compete effectively and maintain a strong market position.
  • Innovation and Business Development: Innovation is the lifeblood of any successful business. The SME Fund supports SMEs by providing funding and resources to drive research and development initiatives. Whether it’s enhancing existing products or services or exploring new ideas, the fund encourages SMEs to innovate and stay ahead of the curve.
  • Access to Funding: One of the significant challenges faced by SMEs is securing adequate funding for their projects. The SME Fund addresses this issue by offering financial support, grants, and loans tailored specifically to the needs of small businesses. These funds can be instrumental in realizing growth ambitions, expanding market reach, or developing new technologies.
  • Networking and Collaboration: The SME Fund recognises the power of collaboration and networking in fostering growth. Through various initiatives and events, the fund facilitates connections between SMEs, industry experts, investors, and potential partners. By joining forces and leveraging collective knowledge, small businesses can unlock new opportunities and accelerate their growth trajectory.

Grant Funding for IP

The SME Fund 2023 offers 4 specific funding mechanisms to SMEs seeking to protect their IP. The application process is straightforward (online) and funding is offered as vouchers:

  1. An IP Scan voucher (up to a maximum of €1,350) can be used for IP pre-diagnostic services with a national IP office of an EU Member State offering the service under the SME Fund initiative. The cost of the IP Scan will vary depending on the country. For more information on the list of countries offering this service and the cost, please consult: IP Scan countries and cost).
  2. trade mark & design voucher (maximum €1,000) can be used for registering trade marks and/or designs to protect them at a national, regional, EU and/or international level.
  3. patent voucher (maximum €1,500) can be used for registering national patents in a national IP office of an EU Member State and/or European patents filed at EPO.
  4. community plant variety voucher (maximum €225) can be used for registering plant varieties to protect them in the EU.

Read the EUIPO Frequently Asked Questions here.

If you found this blog post informative, you may also be interested in reading our related articles on intellectual property rights, funding opportunities, and entrepreneurship. See our other blogs here.
Apply for the EUIPO SME Fund 2023 here. Applications are open until December 2023.