January 19, 2024

The 2024 SME Fund is here 

On 22 January, the deadline for applying for this year’s EUIPO Ideas Powered for Business Funds opens. This funding program aims to help SMEs to co-finance activities related to industrial and intellectual property and to promote the protection of their rights.   

The SME Fund, with a budget of 20 million euros, consists of different vouchers that provide coverage for modalities such as trademarks, designs, patents and plant varieties. The deadline for applying for the subsidy is 6 December 2024, if the budget is not exhausted before then, and it is allocated on a first-come, first-served basis.  

Eligible costs for each voucher are as follows:  

  • Trademark and design protection at regional, national and EU level: up to €1,000 per beneficiary, eligible SMEs may apply for a 75% reimbursement of application, class, examination, registration, publication and deferment of publication fees to acquire trademark and design protection in the EU.  
  • International trademark and design protection: In this case, SMEs may apply for reimbursement of up to a maximum of 50%. This includes basic fees and designation fees including EU Member States or EUIPO. Processing fees charged by the office of origin for an international trademark or design application are excluded.  
  • Protection of national and European patents: With up to EUR 3,500 per beneficiary, for national patents 75% (up to a maximum of EUR 1,500) of the application, search, examination, publication and grant fees will be reimbursed. For European patents, the reimbursement is also 75% for application and search fees. In addition, the legal costs of drafting and filing a new European patent application will be reimbursed at 50%, up to a maximum of EUR 2 000.  
  • Community Plant Variety Protection: Up to a maximum of EUR 1 500 per beneficiary, 75% of the filing and online examination fees will be reimbursed.  
SME Fund vouchers 2024. Source: EUIPO

At PONTI & PARTNERS we offer our services to facilitate this task to interested SMEs. You can request more information or resolve any doubts about these grants, here.   

Follow us on social media and we will inform you about the status of the funds, as well as other useful financing instruments for companies.