Primarily designed for INNOVATIVE STUDENTS with creative ideas or other INNOVATORS wanting to explore the idea a little more before attempting prototype making or proof of concept.
Maximum support given – Rs. 75,000.00 (Rupees Seventy five thousand) subject to 90% of approved project cost.
Phase -1- TePP Project Fund
Any innovator who is independently working on new designs or owns a start-up company / micro small & medium enterprises with a turnover of less than Rs. 45 lakhs OR working with any organization, winners & finalists of SELECT National Level Business Plan and Technical Competitions are eligible to apply. The grant is to attempt making of the prototype.
Maximum support given – Rs. 15, 00,000.00 (Rupees Fifteen Lakhs or One million five hundred thousand) subject to 90% of approved project cost.
Phase -II- Seamless Scale-up Support for TePP
Innovators who successfully complete Phase – 1 support are eligible under this scheme which is intended to assist the innovator in successful commercialization or taking the product to market.
Maximum support given – Rs. 45, 00,000.00 (Rupees Forty five Lakhs or four million five hundred thousand) subject to maximum of 50% of approved project cost. The innovator has to provide an equal financial support as that received from the Government.
For other conditions and further information contact us.