This grant program helps Ukrainian entrepreneurs to register a trademark in the EU and receive compensation of up to 75% of registration costs. It simplifies entry to the European market and promotes business development.
Grant for TM
Program conditions
The European Commission launched the SME Fund 2024 program, which gives enable small and medium-sized businesses to receive a grant for the registration of intellectual property objects. The goal of the initiative is to increase understanding of the value of intellectual property as an intangible asset, to promote the development of IP culture and the involvement of Ukrainian entrepreneurs in the global economic market.
Amount of compensation
The program provides compensation in the amount of:
- 75% of fees for registration of trademarks and industrial designs in EU countries (no more than 1000 euros);
- 50% of fees for international registration of trademarks and industrial designs through WIPO;
- 75% of patent registration fees in national offices and EPO (not more than 3,500 euros).
Advantages of the program
According to the data of the patent agency "Profitmark", the most popular object for obtaining a grant is the EU trademark. Its registration under the SME Fund 2024 program has the following advantages:
- is valid in all EU countries;
- optimal cost with 75% compensation;
- simple procedure;
- quick registration in 4-5 months.
The cost of compensation
The amount of compensation depends on the number of classes of goods and services for which the trademark is registered:
- for one class – 637 euros;
- for two classes – 675 euros;
- for three classes – 787 euros.
Requirements for participants
To participate in the SME Fund 2024 program, the following documents must be submitted:
- an extract from the registration of a sole proprietorship or a legal entity;
- certificate on opening a bank account in euros.
Procedure for receiving a grant
- Submission of documents for receiving a grant.
- Review of documents by the fund (about 15 working days).
- Grant confirmation.
- Submission of an application for trademark registration.
- Payment of compensation by the fund to the applicant's account (approximately 30 days from the moment of application submission).
Number of brands
The maximum grant compensation per person is 1000 euros. Accordingly, if EUR 637 is compensated for one trademark, EUR 363 will be compensated for the second trademark.
Online service for TM registration
The company "Profitmark" has developed a special site profitmark.com.ua for EU trademark registration under the grant program. The process consists of the following steps:
- Trademark verification (entering the name and type of activity).
- Risk assessment (the system will prepare a report on possible objections).
- Filling out the form, creating a personal account and paying.
Any questions regarding receiving a grant and submitting an application for EU trademark registration can be asked in the chat on the website.
Feedback from participants
Entrepreneurs who have successfully received a grant recommend joining the grant program using the link.
Glossary
- SME Fund 2024 is a grant program initiated by the European Commission to support small and of medium-sized businesses in the registration of intellectual property objects.
- EUIPO (European Union Intellectual Property Office) is responsible for implementing the SME Fund 2024 program.
- WIPO (World Intellectual Property Organization) is a specialized UN agency that deals with intellectual property issues.
- EPO (European Patent Office) is an intergovernmental organization responsible for issuing European patents.
- "Profitmark" is a patent agency that helps Ukrainian entrepreneurs to register an EU trademark and receive a grant under the SME Fund 2024 program. {{22}
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Answers to questions
How to get compensation for trademark registration in the EU?
What objects of intellectual property fall under the conditions of the SME Fund 2024 program?
How much is the compensation for EU trademark registration?
What documents must be submitted to participate in the grant program?
How many trademarks can be registered under one grant program?
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Discussion of the topic – How to enter the EU market and get a grant for trademark registration?
The European market is attractive for business due to its stability and large number of consumers. Every entrepreneur wants to take his place in this market. However, entering a new market is always accompanied by high costs, which stops many businessmen. It is worth noting that there are many grant programs in the EU that make life easier for entrepreneurs. Such grant programs are becoming available for Ukrainian small businesses.
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Artur
Registration of a trademark in the EU opens up new opportunities for business. The SME Fund 2024 grant program will be a good support for Ukrainian companies seeking to enter the European market. 💶🇪🇺
Ганна
Indeed, this program is very beneficial. It compensates for a significant part of the costs of registering intellectual property objects, which will save considerable money. A great opportunity for small and medium-sized enterprises to strengthen their position in the EU. ✨
Jacques
A trademark is a key asset for any brand. Registering it in the EU is a smart move for those planning to enter European markets. With the SME Fund 2024 grant, this process becomes more accessible. 🚀
Ольга
We have already used this program to register our trademark in the EU. The procedure is really simple and fast, and the savings are significant. I recommend it to everyone who wants to develop their business in European markets. 🤑
Василь
It is good that such support programs for Ukrainian business have appeared. Unfortunately, registering intellectual property is quite expensive, especially for small companies. Now there is a chance to save. 💰
Ганс
Well, this is all interesting, but isn't it too much trouble with this registration? In my opinion, trademarks and patents are ridiculous claims for promotional companies. I trade pretty well without all this nonsense. 🙄
Марина
Hans, you are wrong! Trademark registration is the protection of your brand against counterfeiting and plagiarism. This is very important, especially if you enter large markets. The grant makes this procedure more accessible. 💯
Paco
I have experience in trademark registration in the EU. Thanks to the SME Fund grant, it turned out to be much cheaper than I expected. Now I calmly work in European markets without fear for my "name". I recommend everyone to use this opportunity! 🔝