If you are an innovating SME, protecting your intellectual property and having an IP strategy that supports your business are critical to achieving your growth potential.
The UK IPO has just launched up to £4,500 funding to help you with this – here’s what you need to know.
The UK IPO’s IP Advance funding programme offers two levels of support:
- IP Audit: this provides part-funding of £2,250 (including VAT) towards the cost of having an IP Audit carried out by a suitably qualified IP professional and you need to contribute £750 (including VAT) towards the cost. You receive an IP Audit identifying IP rights in your business and giving recommendations, costs and timelines for obtaining IP protection for your rights. You also receive a follow-up meeting with the person who carried out the IP Audit to discuss the recommendations.
- IP Access: this provides a contribution of up to £2,250 (including VAT) for IP advice to progress an IP strategy or implement recommendations from the IP Audit.
You can apply for either or both levels of funding; receiving IP Audit funding is not a prerequisite to receiving IP Access funding.
You can apply for the funding through Innovate UK Business Growth in England, Scottish Enterprise, Highlands & Islands Enterprise, South of Scotland Enterprise, Invest Northern Ireland or the Welsh Government, depending on where your business is located.
Two IP is an Innovate UK supplier for providing these IP Audits and the ongoing IP Access advice. We work closely with Innovate UK Business Growth advisors to deliver these services to SMEs referred to us by Innovate UK.
Get in touch to discuss IP Audits, IP strategy or IP protection for your business by emailing hello@two-ip.com
