Fidus Law Chambers has signed a Memorandum of Understanding with MEITY Startup Hub (MSH), an initiative of the Union Ministry of Electronics & Information Technology, to provide intellectual property assistance to startups in India.
MeitY Startup Hub is the national coordination and facilitation platform for technology startups in India that acts as a hub to ensure synergies among all incubation centres, Centres of Excellence on Emerging Technologies, and other existing platforms.
Fidus Law Chambers is a boutique IP firm that advises new tech companies through their journey from startup to unicorn. The firm not only operates in the domain of traditional IP laws, but also specialises in the allied areas of data privacy, technology laws, marketing laws and new and cutting-edge domains like NFTs and the Metaverse.
Through this collaboration, Fidus will provide low bono legal advice on all aspects of IP to startups. The firm will also put together educational material to train MSH startups on IP-related issues, facilitate dialogues between stakeholders, facilitate cross-border startup education for the Indian market, review and advise on third party agreements between start-ups and third parties, advise startups on government empanelment, formulate early-stage policies for start-ups (including privacy policies and HR Policies etc.) and also advise start-ups on advertising compliances.
On the newly established partnership, MeitY Startup Hub CEO Jitendra Vijay said,
“Entrepreneurs at all stages of the growth of startups require legal aid, guidance and hand holding. Fidus Law Chambers with its forte in Intellectual Property Rights, Due Diligence and Contract Law can provide critical support to startups as they seek to safeguard their innovation, raise capital and build compliant enterprise. We are delighted to have Fidus on board.”
Fidus Managing Partner Shwetasree Majumder added,
“We are very excited to come on board in this strategic collaboration with MSH to help provide a strong legal foothold to start-ups desirous of protecting their intellectual property. Our job will not only entail providing cost-effective legal advice to startups but also to help audit their compliance and due diligence when they connect with venture capital firms or angel investors."