Companies operating or based in Asturias now have a new avenue of support to protect and manage their intangible assets abroad. Through the program of International Legal Services in Origin de ASTUREX
(public body in charge of promoting the internationalization of the Asturian business fabric), in which Elzaburu has recently been approved, it is possible to access specialized advice on industrial property with public funding.
This program is designed to support Asturian companies in their internationalization processes, facilitating access to key legal services in the area of trademarks and patents.
What do industrial property grants cover in Asturias?
The program allows for the co-financing of various legal services related to the protection and exploitation of industrial property rights in international markets.
Specifically, companies can access:
- International protection of trademarks and patents: includes feasibility studies for registration in other countries, infringement risk analysis and definition of protection strategies adapted to each market.
- Advice on industrial property disputesIt encompasses the management of oppositions, defense against third-party actions and the assessment of legal risks, as well as the definition of response strategies.
- International portfolio managementThis includes the review, monitoring and maintenance of rights in different territories, as well as the preparation of reports on their status in target markets.
- Advice on contracts and commercial transactions: includes the drafting and negotiation of licensing, franchise, distribution or assignment of rights agreements related to intangible assets.
Amount of aid: how much ASTUREX finances
Aid for industrial property in Asturias includes significant co-financing of legal services:
- UP TO 60% of the cost for SMEs
- UP TO 30% for large companies
ASTUREX finances the cost of the fees, but in no case expenses relating to registration fees or similar, with a maximum of €6.000 per project.
Therefore, the investment needed to address international protection processes or defense of rights is significantly reduced, especially in the initial phases of expansion.
How to apply for ASTUREX aid
Access to the program is through the platform enabled by ASTUREX, where the company must formalize the project application and process the corresponding aid.
As approved providers, at ELZABURU we can accompany you throughout the entire process, not only in providing legal advice, but also in managing the aid.
This type of support is a useful tool for companies seeking to begin their internationalization process. Adequate protection of trademarks and patents, as well as proper contractual structuring, are key elements for reducing risks and maximizing the value of intangible assets in international markets.
