Fund Launched To Protect IP Of Health And Life Science Businesses

Fund Launched To Protect IP Of Health And Life Science Businesses

A new fund has been launched to help protect the intellectual property of high-value health and life sciences businesses in the North East.

The Covid-19 Patent Protection Scheme has been unveiled by the North East Local Enterprise Partnership (North East LEP).

The £300,000 grant fund designed to support high-value proposition (pre-commercial) health and life science businesses negatively impacted by the coronavirus crisis and at risk of losing patents and intellectual property due to lack of funds.

Grants of up to £25,000 will be awarded to cover new or essential filings and the costs of retaining patents, or annual renewal fees of patents, incurred from 9 July 2020 to 31 March 2021.

Katherine Forbes, health and life science programme lead at the North East LEP, said: “For early stage innovation and research-led businesses in the health and life sciences sector, protecting and retaining intellectual property is vital for securing investment and ensuring a strong commercial footing in the future.

Source: Insider Media

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