Startup India recognizes the importance of patents for startups and offers a simplified process to acquire them. Startups that require patents for their unique products or services can avail themselves of substantial benefits under this scheme. They can receive rebates of up to 80 percent of the patent cost, making it more affordable to protect their innovative ideas. Additionally, the patent facilitation process is free, further reducing the financial burden on startups. DPIIT registered startups enjoy the advantage of having their patent applications fast-tracked for examination. Moreover, the government provides a panel of facilitators to assist with filing intellectual property applications, with the associated costs covered by the government. By approaching one of the government-issued facilitators, startups can obtain patents and trademarks at a significantly reduced cost, paying only the statutory fees. This support encourages startups to safeguard their innovative ideas and gain a competitive edge in the market.
