The policy defines that the cost of filing and prosecution of patent application will be reimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded. For awarded foreign patents on a single subject matter, up to Rs. 10 lakh (1 Million) would be reimbursed. The reimbursement will be done in 2 stages, i.e., 75% after the patent is filed and the balance 25% after the patent is granted. The detailed guidelines for this are provided below:

Applicant should have filed for the patent for which reimbursement is being claimed. The Applicant may claim reimbursement towards fees paid to the concerned authority and legal charges, if any (drafting/consultation). The reimbursement shall be made on a one-time basis and shall be availed only once for the particular patent application. Applicant to mandatorily fill and submit relevant documents along with Annexure I – Form A and B in the prescribed format.

Applicant should have already been granted the patent for which reimbursement is claimed and should have already claimed reimbursement of costs incurred post filing of the patent under clause 13.1.5(1). Applicant may claim reimbursement towards fees paid to the concerned authority and legal charges, if any (drafting/consultation). Applicant to mandatorily fill and submit relevant documents along with Annexure I – Form A and B in the prescribed format. Applicant shall not be entitled to reimbursement under this provision in case Applicant has received reimbursement of Rs. 2 Lakhs for a domestic patent filing and/or Rs. 10 Lakh for foreign patent filing

Applicant should have been granted the patent for which reimbursement is being claimed and should not have claimed reimbursement for the same previously. Applicant may claim reimbursement towards fees paid to the concerned authority and legal charges, if any (drafting/consultation). Applicant to mandatorily fill and submit relevant documents along with Annexure I – Form A, B and C in the prescribed format. Applicant shall be eligible to reimbursement up to Rs. 2 Lakh for an Indian Patent and up to Rs. 10 Lakh for a foreign Patent.

On receipt of all necessary documents, KITS will duly analyze the application for eligibility. Post review & assessment of the Application, KITS will arrive at the quantum of reimbursement due and payable. The Managing Director, KBITS will finally sanction the eligible amount for reimbursement and the decision shall be deemed final in this regard. Reimbursement amount will be released / disbursed on the seniority basis depending upon the Budget allotment of the State Government.