5 Oct 2008

Technopreneur Promotion Programme (TePP) : Investing in Innovation

Technopreneur Promotion Programme (TePP) is India's largest network program supporting independent innovators. The network, with its 30 outreach centers spread across the country, provides grants, technical guidance and mentoring support to independent innovators. The purpose of this support is to enable innovators emerge as entrepreneurs by incubating their ideas and enterprise. The support is provided in 2 distinct phases. Maximum support during Phase-I is Rs. 15 lakhs which can go upto Rs. 45 lakhs in Phase-II. Since the time of its inception and till date 250 innovations have been supported under TePP.


That innovation is a risky business is a well documented fact. In spite of rigorous assessment, majority of the projects fail to earn expected return. For example in India, so far only 15-20% of the assisted projects have become successful. In the Guide to Venture Capital in Asia (published by AVCJ Holding Ltd.) the common risk factors......................


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