Science and Technology Minister Dr Jitendra Singh has said that StartUps Intellectual Property Rights Protection is aimed at promoting innovation and entrepreneurship. Speaking at the National Intellectual Property Festival in New Delhi, Dr Singh said, the filing of Intellectual Property Rights including Patents and Trademarks by StartUps, along with industry linkages will encourage innovation and motivate enterprise in India.

He said that the time taken for the registration of the trademark process has come down to one month, which was more than one year earlier. The Government had launched a scheme, Startups Intellectual Property Protection (SIPP) for encouraging the innovation and creativity of Startups. The startups are given an 80 percent rebate on Patent filing fees and a facility for expedited examination of patent applications.