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OVERVIEW
DBJ, acting through the Ministry of Finance and the Public Service implemented the Boosting Innovation, Growth and Entrepreneurship Ecosystems (BIGEE) programme in Jamaica which is funded by the Inter-American Development Bank.
In its effort to support entrepreneurship and innovation, the BIGEE programme has created the PATENT GRANT FUND to support new patentable inventions.
OBJECTIVE
To support inventions that are novel and has public utility and can be patented.
The Patent Grant aims to support research and development initiatives and innovations by providing grants to help underwrite the costs that are associated with filing patent applications locally and international.
Jamaica is replete with inventors, researchers and creative individuals who have developed innovative products and services. What is true, is that not many individuals have sought to commercialize and earn from their inventions. This can be attributed to ignorance and/or the inability to underwrite the cost of the process.
The Patent Grant aims to support research and development initiatives among high potential, high growth, technology and knowledge-based Micro and Small enterprises (MSEs) by providing grants that are to file patent applications locally and international.
DBJ Patent Grant Fund Eligibility
ELIGIBILE PROJECTS
The projects that are eligible for financing by the Patent Grant include:
Patent application fees
To cover drafting and filing, amendments, examiner review
Provisional and non-provisional patent applications
Engaging an approved Patent Attorney to conduct
prefiling search; assessment; drafting and filing, amendments; and preparing other miscellaneous documents
UNPATENTABLE PROJECTS
Methods for performing Mental acts and Mathematical Algorithms or formulas,
Naturally occurring things,
Scientific principles,
Schemes
Rules and playing games
Methods doing business
Programs for computers
Business Methods
Weapons
DBJ Patent Grant Fund Details
eligibility requirements Citeria
Overview
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The following outlines the eligibility requirements for the Innovation Grant Fund :
What is a patent?
What is meant by an invention?
Who can obtain a patent?
How much can I get through the patent grant?
What is the process to submit my application?
Applications can only be submitted via the website.
Which sectors are eligible to access this fund?
1. Software and ICT Industries
2. Artisan products and Creative Industries
3. Agri-Tech
4. Light-Manufacturing
5. Climate change,
6. Gender inclusion and
7. Innovation in emerging technologies (including Big Data, Manufacturing, Electronics, Biotechnology Artificial Intelligence, Cybersecurity, etc.).
What are the interest rate and timeline for the payback of this product?
The IGNITE grant is not a loan and is non-repayable.
What are some examples of in-kind contributions?
An in-kind contribution is a contribution of a good or service other than money which includes donated services, donated goods, or labour that can be valued.
Do I have to have an innovative product to apply for this fund?
In order to remain competitive, it is strongly encouraged that you are planning to execute an innovative venture.
Who are the BSI?
Business Service Intermediaries (BSIs) will assist you to prepare your application and if selected will create your development plan and provide project management support during the implementation of the programme over the 12 month period. See our List of BSIs
The following outlines the eligibility requirements for the Innovation Grant Fund :
What is a patent?
What is meant by an invention?
Who can obtain a patent?
How much can I get through the patent grant?
What is the process to submit my application?
Applications can only be submitted via the website.
Which sectors are eligible to access this fund?
1. Software and ICT Industries
2. Artisan products and Creative Industries
3. Agri-Tech
4. Light-Manufacturing
5. Climate change,
6. Gender inclusion and
7. Innovation in emerging technologies (including Big Data, Manufacturing, Electronics, Biotechnology Artificial Intelligence, Cybersecurity, etc.).
What are the interest rate and timeline for the payback of this product?
The IGNITE grant is not a loan and is non-repayable.
What are some examples of in-kind contributions?
An in-kind contribution is a contribution of a good or service other than money which includes donated services, donated goods, or labour that can be valued.
Do I have to have an innovative product to apply for this fund?
In order to remain competitive, it is strongly encouraged that you are planning to execute an innovative venture.
Who are the BSI?
Business Service Intermediaries (BSIs) will assist you to prepare your application and if selected will create your development plan and provide project management support during the implementation of the programme over the 12 month period. See our List of BSIs
Resources
DBJ Angel Fund'S REACH
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DBJ Angel Fund's Beneficiaries
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