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UKIPO launches SME financial support scheme "IP Advance"

This will offer a tiered approach to funding, with two levels of support available:

1. IP Audit provides part-funding of £2,250 (including VAT) towards the cost of an IP audit, conducted by a suitably qualified IP professional. The business must contribute £750 (including VAT) towards the overall cost of the audit. The business will receive a bespoke IP Audit report with recommendations, cost projections and a suggested timeline for implementation. As part of IP Audit, the business will also have a follow-up meeting to discuss the report's recommendations with the IP professional.
2. IP Access provides a contribution of up to £2,250 (including VAT) for IP professional advice to progress an IP management strategy or implement recommendations from their IP audit. The business must contribute a minimum of 50% towards the cost of the services carried out by their IP professional under IP Access to qualify for support.

Businesses can apply for one or both forms of funding via:

• England contact@innovateukedge.ukri.org
• Wales intellectual.property.information@gov.wales
• Scotland https://www.scottish-enterprise.com/contact-us
• Northern Ireland tau-ip@investni.com

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