Business

Technopreneur Promotion Programme – Get Financial Support from Goverment of India

The “Technopreneur Promotion Programme” (TePP) was launched in 1998-99 by the Ministry of Science and Technology. TePP is operated by the Department of Scientific and Industrial Research (DSIR) to tap the vast innovative potential of Indian Citizens. TePP is a mechanism to promote indivudual innovators to become technology-based entrepreneurs (Technopreneurs).This program provides financial support to innovators and inventors to meet initial expenditures.

The TePP has the following objectives:

1.To promote and support untapped creativity of individual innovators
2.To assist the individual innovators to become technology based enterpreneurs
3.To assist the technopreneur in networking and forge linkages with other constituents of the innovation chain for commercialization of their developments.

Government incentives for research development

Activities eligible for financial support

The activities under TePP include providing financial support to selected and screened individual innovators having original ideas for converting them into working models , prototypes and so on. TePP assistance is provided to the innovator to meet expenditure on the following:

1.R&D/Engineering consultancy
2.Procure small equipment,tools etc. required
3.Raw Material/ Accessories (for prototype/process trials),
4.Fabrication cost (for prototypes)
5.Patent guidance and support
6.Manpower
7.Testing & Trials
8.Any other relevant costs

TePP support to the innovators is limited to 90% of the total cost of the project & remaining 10% is to be borne by the innovator/inventor.

To know more and apply for financial support from the Technoprenuer Promotion Programme visit their website

http://oscar.iitb.ac.in/TEPP/tepphome.do

Via – Enterprisers.in

Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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