Framework
Much of economic growth and prosperity depends on the success of innovative and dynamic SMEs, including start-ups.
SMEs are vital to the European economy, generating 67 per cent of total employment and accounting for 99 per cent of the EU's business fabric.
Helping them to protect their Intellectual Property rights is an important part of the mission of EU Intellectual Property organisations.
Statistics show that SMEs with registered IP rights have almost a third more revenue per employee than SMEs without registered IP.
Since IP rights are a way of transforming intellectual capital into financial capital, strategies were devised to help EU SMEs become more competitive, and this fund to support trade mark, patent and design registrations was created.