Unlocking Innovation: Startup Intellectual Property Protection Scheme

In the dynamic landscape of entrepreneurship, where innovation fuels growth and prosperity, safeguarding intellectual property (“IP”) is paramount. Recognizing the vital role startups play in driving economic progress through innovation, India has introduced the Startup Intellectual Property Protection Scheme (“SIPPS”). This scheme serves as a beacon for budding entrepreneurs, offering a robust framework for securing and leveraging their intellectual assets in the competitive global market. SIPPS, launched by the Ministry of Commerce & Industry, Government of India, as part of its broader initiatives to nurture the startup ecosystem, aims to facilitate the protection of intellectual property rights (“IPR”) for startups. SIPPS is designed to provide startups with a conducive environment for innovation by offering incentives and support for IP protection.