The Rhode Island Commerce Corporation has announced the launch of a new patent grant program in honor of World Intellectual Property Day. The program aims to support local businesses and entrepreneurs in protecting their inventions and innovations through patents.
This initiative comes as part of a larger effort to promote innovation and economic growth in the state. By providing financial assistance for the patent application process, the program seeks to lower barriers for small businesses and startups looking to protect their intellectual property.
The patent grant program is open to businesses of all sizes and industries in Rhode Island. Applicants must demonstrate how obtaining a patent will benefit their company and contribute to the local economy. The grants will cover a portion of the costs associated with filing a patent, which can be a significant expense for many entrepreneurs.
World Intellectual Property Day, celebrated on April 26th, highlights the importance of intellectual property rights in fostering creativity and innovation. The launch of this program underscores Rhode Island’s commitment to supporting local businesses and encouraging a culture of innovation in the state.
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