Patent Fee Reimbursement Scheme

Haryana's Patent Fee Reimbursement Scheme: Enhancing Innovation in EV Sector

Introduction :

The Haryana Government has introduced the "Patent Fee Reimbursement Scheme" as part of the Haryana Electric Vehicle Policy-2022. This program aims to encourage innovation in the manufacturing of electric vehicles(EVs), EV components, and charging infrastructure by covering the costs associated with obtaining both domestic and international patents.

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Objectives and Quantum of Assistance :

The scheme offers financial support by reimbursing 100% of actual expenses incurred in patent registration, including filing, consultancy, search, maintenance, and publishing fees, up to a maximum of INR 25 lakhs. This initiative is intended to protect innovations in the competitive global market.

Eligibility Criteria :

Eligible applicants include manufacturers of EVs, EV components, and charging infrastructure who use patented technology for commercial production. To qualify, units must be in commercial production at the time of disbursement and must not be on the state government's restrictive list. Each unit is eligible for reimbursement for one patent only.

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Application and Documentation :

Applications must be submitted online via the Department of Industries & Commerce, Haryana, using the prescribed form. Required documentation includes the Udyam Registration Certificate, Haryana Udhyam Memorandum, and proof of expenditure on patent registration.

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Procedure for Disbursement and Appeals :

The application process involves a thorough review by the Joint Director/Deputy Director of the District Industries & Commerce Centre, who will inspect the manufacturing unit and verify the claim. If deficiencies are noted, the applicant has ten days to rectify them before the claim is forfeited. Appeals against rejections can be made to the Administrative Secretary, Industries& Commerce, Haryana, within 30 days.

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Penalties and Recourse :

Strict penalties will be imposed for misrepresentation or misuse of the scheme, including repayment of the reimbursed amount with interest, legal action, and exclusion from future government incentives. This ensures the integrity and effective use of the scheme.

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Conclusion :

The "Patent Fee Reimbursement Scheme" is a crucial component of Haryana's strategy to foster a robust environment for innovation within the electric vehicle industry. By reducing the financial barriers associated with patent registration, the state aims to stimulate creative developments and secure intellectual property, thereby enhancing the competitiveness of its EV sector.

Rapid Consulting's Role in Facilitating the Process :

Rapid Consulting provides expert services to assist enterprises in Haryana, including Micro, Small, Medium, Large, and Mega units, with the 'Patent Fee Reimbursement Scheme'. They guide enterprises through understanding the scheme's eligibility requirements, preparing and submitting applications, and ensuring compliance with the scheme’s guidelines to maximize financial incentives for patent registrations.

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Impact of the Scheme on Haryana's Industrial Growth :

The scheme encourages innovation and intellectual property protection in the manufacturing of electric vehicles and related components by reimbursing the costs associated with obtaining domestic and international patents. This support fosters a culture of innovation, enhances the global competitiveness of Haryana's industries, and attracts further investments into the state’s burgeoning EV sector.

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Future Prospects and Enhancements :

Future enhancements might include expanding the scheme to cover additional forms of intellectual property, increasing the reimbursement cap to encourage more extensive patent portfolios, or extending the scheme's duration to support sustained innovation. Integrating this scheme with broader educational and technological initiatives could further bolster Haryana's position as a leader in high-tech industries.

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FAQs?

What is the Patent Fee Reimbursement Scheme?

This scheme offers financial support by reimbursing 100% of actual patent registration expenses, up to INR 25 lakhs, for enterprises involved in manufacturing EVs, EV components, and related infrastructure.

Who is eligible for this scheme?

Manufacturers of electric vehicles, their components, and related infrastructure who have registered for patents and use the patented technology for commercial production are eligible.

How does an enterprise apply for this scheme?

Enterprises must submit their application along with necessary documents on the web portal of the Department of Industries & Commerce, Haryana.

What are the financial benefits of participating in this scheme?

The scheme provides a reimbursement of up to INR 25 lakhs for expenses incurred in patent registration, covering filing, consultancy, search, maintenance, and publishing fees.

What happens if incorrect information is provided in the application?

Incorrect information can result in severe penalties, including the repayment of the reimbursement with a 12% compound interest rate, legal actions, and exclusion from future state incentives.

How does Rapid Consulting assist in this process?

Rapid Consulting facilitates the entire process, from application preparation to compliance monitoring and disbursement of reimbursements, ensuring enterprises can maximize their benefits with minimal administrative burden.

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Target Sectors in Haryana :

The "Patent Fee Reimbursement Scheme" supports the innovative sectors within Haryana's burgeoning electric vehicle (EV) industry, specifically targeting manufacturers of EVs, EV components, and charging infrastructure. This initiative aims to enhance the competitive edge of these industries by providing financial support for domestic and international patent registrations, thereby fostering innovation and protecting intellectual property in a global market.

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Eligibility for Existing Businesses and New Ventures :

To be eligible, enterprises must be involved in the manufacturing of EVs, related components, or charging infrastructure. These units must utilize patented technology or processes in commercial production and must be actively producing at the time of disbursement. Financial assistance is available for one patent per unit to ensure a broad distribution of benefits.

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Integration with Other Subsidies and Incentives :

This scheme is part of the larger Haryana Electric Vehicle Policy-2022, designed to work in conjunction with other state initiatives that support technological advancement and industrial growth in the EV sector. It is structured to prevent overlap with other incentives, ensuring that the maximum sum of all fiscal incentives does not exceed the fixed capital investment of the enterprise.

Application Process :

Applications must be submitted online through the Department of Industries & Commerce's portal. The process involves a detailed examination of each application to confirm that the patented inventions are being used in production and meet the state's innovation criteria. This includes submitting proof of patent registration and details about the innovation.

Geographical Preferences in Haryana :

While the scheme is applicable statewide, priority is given to fostering innovation across various regions within the state, promoting equitable industrial development. This geographical approach helps stimulate economic growth by supporting high-tech industries throughout Haryana.

Summary :

The Patent Fee Reimbursement Scheme provides crucial support to enterprises within Haryana's EV industry, offering up to INR 25 lakhs to cover the costs associated with securing patent protection. By alleviating the financial burden of patent registration, the scheme not only encourages innovation but also helps local manufacturers protect their inventions, enhancing their ability to compete on a global scale.

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Why Choose Rapid Consulting? 

Specialized Expertise:

Our team at Rapid Consulting boasts in-depth knowledge of subsidy scheme, ensuring you get the most out of your investment.

End-to-End Assistance:

From initial assessment to final application, we manage the entire process, making it seamless and hassle-free for your business.

Maximized Benefits:

We ensure that you fully leverage the financial incentives available, boosting your company's growth and profitability.

Our comprehensive assistance includes:

Consultation and Assessment:

We conduct thorough consultations to understand clients' innovation objectives and patent registration needs. We assess the scope of innovation and evaluate potential benefits under the reimbursement scheme.

Documentation Preparation:

Our team assists clients in preparing all necessary documentation required for patent registration reimbursement applications. This includes compiling patent applications, invoices, and other relevant paperwork in accordance with scheme guidelines.

Application Management:

We manage the entire application process on behalf of clients, ensuring accurate completion of forms and timely submission of documents to relevant authorities. We streamline the application process to expedite approval procedures.

Negotiation and Follow-up:

Our experienced negotiators advocate for favorable reimbursement terms on behalf of clients. We engage with government agencies to secure optimal outcomes and expedite approval processes.

Reimbursement Disbursement:

Upon approval of reimbursement applications, we facilitate the disbursement of funds to clients. We ensure prompt processing of reimbursements and provide assistance in navigating administrative procedures related to reimbursement disbursement.

Post-Reimbursement Support:

We continue to support clients post-reimbursement disbursement. Our services include guidance on maximizing patent registration benefits, monitoring innovation progress, and addressing any challenges that may arise.

In summary, Rapid Consulting provides comprehensive assistance to facilitate reimbursement of patent registration expenses for promoting innovation in Electric Vehicle manufacturing and related infrastructure in Haryana. Our services cover consultation, documentation preparation, application management, negotiation, reimbursement disbursement, and post-reimbursement support, ensuring clients maximize benefits for their innovative endeavors.

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How to Reach Us: 

Website :

Visit our official website for detailed information, service offerings, and to schedule an online consultation.

Direct Contac t:

Call us at +91-9467248028/9416506136or email info@rapidconsulting.in to discuss your needs directly with our experts.

Office Visit :

Our offices are open for in-person consultations at 134, Rapid Consulting, First floor Below Paysam Restaurant, Near Samsung Care. Lajpat Nagar, Rajgarh Road Hisar, Haryana-125001.

Here, you can meet with our consultants who can provide personalized guidance tailored to your business's specific circumstances. Engage with Rapid Consulting today to leverage their expertise in enhancing your business's financial and operational performance through the Collateral Free Credit Guarantee Scheme and other beneficial state initiatives. Whether online, over the phone, or in person, Rapid Consulting is ready to assist you in advancing your business goals in Haryana.