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Govt Waives IP Fees For Sports Sector For 3 Years, Launches Design Hackathon
Industry Minister Piyush Goyal: Union Commerce and Industry Minister Piyush Goyal on Tuesday announced a three-year waiver on fees for all intellectual property (IP) registrations related to sports, in a move aimed at boosting innovation and strengthening India’s sports ecosystem.
The announcement was made during the World Intellectual Property Day celebrations in the national capital, themed “IP and Sports: Ready, Set, Innovate!”.
The fee exemption will cover all categories of IP, including trademarks, copyrights, patents, designs, traditional knowledge and geographical indications, and will come into effect immediately.
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