Eligibility
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Innovator who has successfully completed TePP Phase-I project and desires to take innovation to market by becoming Technopreneur are eligible. |
Scope & Support
Proposals aim at incubating enterprise promoted by independent Innovator. Activities aim at improving market access , by carrying out such value added work like adding product features, protection by patenting, aesthetic design, limited production for market seeding etc, as per approved business plan as part of these guidelines.
Maximum support under this category is Rs. 45,00,000/- subject to a maximum 50% of approved project cost. An amount equivalent to government grant has to be raised by the technopreneur from Financial Institutes/Commercial Banks/SIDBI/NABARD/GVFL etc.
Manpower costs supported will not exceed 20% of the total grant amount. Innovators salary and rental expenses for use of own facilities are not eligible for support.
Travel costs supported will not exceed 5% of the total grant amount.
Mechanism
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The applicant will submit their application for support under TePP Phase-II to the nearest TePP Outreach Centre (TUC). For TePP Phase-I innovators, the technical evaluation of phase-II proposal will be done by Chairperson of Phase- I Project Monitoring Committee. The format for evaluation as applicable for TePP Phase- I innovators may be used by TUC concerned. TUC will obtain the comments from experts/angels (minimum two experts). Based on expert report, TUC will carry out a detailed evaluation of the application as per the format. TUC will then forward the application along with its evaluation report to TePP Secretariat with a covering letter duly signed by the Authorised Signatory. TePP Secretariat will examine, seek further comments, if deemed necessary and then put up before the TePP Screening Committee for its consideration. The innovator would be given an opportunity to present his/her proposal before TePP Screening Committee(TSC). To facilitate `financial closure the innovator will be given letter of intent, based on which innovator can firm up agreements with banks/ institutions to raise innovators part of resources. After Financial closure, the applicant has to sign "Terms & Conditions" prior to the actual release of grants-in-aid. Funds will be released to innovator. In case, the innovator is owning any company or partners in any other company, the details may be furnished to TePP while making an application. The turnover of the company owned by TePP Phase-II applicants should not exceed more than Rs. 45.00 lakhs. The first release will be based on recommendation by TSC/TePP Secretariat and subsequent releases will be based on assessment by Project Monitoring Committee/authorized TUC. Project completion/ closure will be reported to TSC for feedback and record. The proposals, once rejected on technical grounds may not be re-considered . The decision of the TePP Screening Committee will be final in this regard. |
Sector of Interest
Proposals in all sectors are acceptable except those involving pure software developments.
Limiting Conditions
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Only TePP Phase-I innovators are eligible. There is a need to submit viable Business Plan. TePP support will not exceed 50% of approved project cost subject to ceiling of Rs. 45.00 lakhs and innovator need to raise resources for balance of the project cost. This arrangement has to be made before release of first sanction by TePP. Application Form PDF |
(File Size:25.74 KB), Terms & Conditions Last Updated: 15/06/2010
