€47 million fund to protect intellectual property of EU SMEs in their COVID-19 recovery and green and digital transitions

The Commission and the European Union Intellectual Property Office (EUIPO) has launched the new EU SME Fund, which offers vouchers for EU-based SMEs to help them protect their intellectual property (IP) rights. This is the second EU SME Fund aiming at supporting SMEs in the COVID-19 recovery and green and digital transitions for the next three years (2022-2024). Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Small is beautiful, but if SMEs want to grow or take the lead in new technologies, they need to protect their inventions…

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