European small and medium sized enterprises (SME) that fall within the EU Recommendation 2003/361 are encouraged to apply for the respective vouchers that they intend to use and get reimbursed for part of the amount paid during their IP rights registration process.

The SME Fund 2024 in a nutshell
The Ideas Powered for Business SME Fund 2024 is a €20million grant scheme implemented by the European Commission and the EUIPO and is designed to encourage SMEs to protect their IP rights and develop an IP Strategy.

The SME Fund 2024 was launched on 22 January 2024 as a reimbursement programme divided into 4 vouchers:

• Voucher 1: IP Scan
• Voucher 2: Trade Marks & Designs
• Voucher 3: Patents
• Voucher 4: Community Plant Varieties

 Visit our designated EUIPO SME Fund 2024 page to find out more about how the SME Fund can help your business grow.

OUR IP PRACTICE PORTFOLIO

At ServPRO, we have already taken advantage of the SME Fund in all its editions, from its launch in 2021, to its upgraded version in 2022, to its expanded 2023 version, and its current 2024 version. We have successfully applied and received reimbursement for applications made within the EUIPO’s given vouchers to-date.

Get in touch with us for a consultation or an enquiry relating to the protection of your trademark(s) and other rights pertaining to intellectual property. Our clientele benefits from our in-depth knowledge and experience in handling the entire IP Rights registration process on their behalf.

Moreover, for our clients seeking cross-border trademark registration, we cooperate with our handpicked regional and international partners in order to safeguard their IP rights in their selected jurisdictions.

Our clientele further benefits from tax aspects relating to the protection of their IP Rights, including the sought after Cyprus IP Box Regime; a tax-beneficial regime relating to R&D and taxation in Cyprus.