The European Commission and EUIPO recently launched “IP Vouchers” entitling SME’s to a partial refund of a trademark-application though out 2021.
What does it mean for you?
Each IP Voucher entitles SME’s to a refund of up to 50% of the basic fee of a trademark application throughout 2021.
Are you eligible ?
Any company meeting the European Commission’s definition of an SME can apply for the IP-Voucher. This criteria to be met are: (i) employment of less than 250 employees, (ii) an annual turnover of less than 50 million euros and (iii) a total balance sheet not exceeding 43 million euros.
How does it work?
The SME should apply for the IP Voucher at the EUIPO within a certain period throughout 2021. When an IP Voucher has been granted, the trademark application should be filed within 30 days upon receipt of the IP Voucher.
The remaining application windows are the months of March, May, July and September. In each time-frame, 4 million euros’ worth of IP Vouchers will be offered.
Take into account that the IP Vouchers are granted on a first come, first served basis in each of those months. Therefore, it is recommended to apply as early as possible in the time-frame of choice.
For more information on the IP Vouchers and further assistance concerning trademark registrations, do not hesitate to contact Olivier Van Raemdonck, Pauline Geentjes or Johan Vermeir.