KSIDC Signs MoU with IPR Centre of CUSAT


Kochi: Kerala State Industrial Development Corporation Ltd. (KSIDC) has signed an MoU with the Inter University Centre for Intellectual Property Rights Studies (IUCIPRS), Cochin University of Science and Technology (CUSAT), for spreading awareness about and importance of Intellectual Property Rights, and facilitating search and filing of provisional patent applications for inventions of startups.

The MoU was signed between Dr. M Beena IAS, MD, KSIDC and Prof. N S Gopalakrishnan, Director, IUCIPRS in the presence of Prof. J Letha, Vice-Chancellor, CUSAT.

As per the MoU, startup companies funded by KSIDC, as well as those incubated at KSIDC’s Incubation Centres will be provided expert advice and technical support for patent searching, and novelty search reports and assistance for filing of provisional Patent Application in India at IUCIPRS. IUCIPRS will also conduct awareness sessions periodically, on Intellectual Property Rights based on the request from KSIDC.

KSIDC has been involved in startup initiatives like seed fund assistance, Business Incubation Centres and mentoring sessions. KSIDC has so far sanctioned Rs. 8.18 crore as seed fund to 40 innovative startups. It has two incubation centres in Kochi and it is also planning to open its third incubator at UL Cyberparkin Kozhikode this year.

The Central Government has approved the Business Incubation Centre of KSIDC situated at Infopark in Kochi as a recognised incubator under the Startup India Scheme.

IUCIPRS is a specialised centre established by Government of Kerala for promoting teaching, research and extension activities in the area of Intellectual Property Rights (IPR), in Cochin University of Science and Technology