July 23, 2009
Technopreneurship Promotion Programme (TePP) & Technology Business Incubators (TBI)
Posted in Business tagged dsir, ethicstech embedded solutions pvt ltd, start own business, start-up, tbi, technology business uncubators, technopreneursip promotion programme, tepp at 8:22 am by asprakash
I hope every body having its own dream. When I was entered into my engineering degree, I was dreaming about innovations, technologies in different areas, invention in many applications,.etc. But it was dismantled when I come to know about the industries [especially IT industries].
Think about the current situation in this recession period. Every degree holder is now like to work in IT field. But you are not interested to join as a costliest labour (?) (IT Employee) and you would like to do some inventions in your own core filed, How? (or) You have already prepared a very good unique novel product idea. But none of the ventures/companies ready to invest on your idea. Then how can you develop the prototype of your idea? Suppose, You dont have any inventions in your mind and you tired of thinking about the novel idea, job search and then finally come-up with your business plan to start-up your company, atlast. But you are from middle class family or not possible to invest huge amount at this stage. Then how you will execute your business plan or your product idea? Who will fund for you?.
Oh. Stop it. Enough to ask questions. What I want to do now?.
Ok. Surely I will tell you. Before that few words. Readers those who are already working in a company and only interested to earn money, than please close this page and do continue if you have any other work. The following paras are not for you. Rest of others please proceed.
TePP (Technopreneur Promotion Programme)
The Dept.of Scientific & Industrial Research [http://dsir.gov.in], through a public advertisement, has invited applications from budding entrepreneurs or innovators to seek funding from the government for converting their ideas into working prototypes/models. Called the Technopreneur Promotion Programme (TePP), this is for promoting individual innovators to become technology entrepreneurs (technopreneur).
The eligibility criteria for the programme are quite simple and uncomplicated. Any individual with an original idea/innovation, say- an engineer, scientist, farmer, artisan or even a housewife or a student can apply. Even companies can apply, provided their turnover does not exceed Rs. 10 lacs. The only requirement is that, the idea must have a commercial implication; it cannot be just for research or patenting purposes. The maximum amount of the sponsorship is 90% of the project cost or Rs 10 lacs, whichever is lower.
Industrial or scientific innovations in India are far more in need of funding than software startups; there is no dearth of funding for software entrepreneurs from VCs, seed funds, banks etc. Govt. programmes like STPI have mechanisms to nurture and incubate software startups. Besides, the IT industry anyway has a powerful godfather in NASSCOM, which has started influencing government policy quite significantly.The same is not true for industrial or scientific segments. A recent edition of the Business World has a lead story on how, some of the giants of Indian manufacturing like Larsen & Toubro are facing substantial exodus of their best manpower to the IT/software industry.
Procedure to apply for TePP
Tepp categorized different schemes with different formats for the people.
For example, if you are a student, then the category is different and the fund amount also varied. And if you are a independent person planing to start-up your own company, then you need to apply for separate category. I have given the available TePP categories below,
Phase I – Micro Technopreneur – for students – Eligible upto 75,000/-. To know more about this phase, click here. The application form available in the same page.
Phase I- Technopreneur project fund – For staffs and employees, start-up companies & independent persons – Eligible upto 15laks – Innovators should invest 10% of total project cost. To know more about this phase, click here. The application form available in the same page.
Phase II – Seamless scale-up fund – Successful completion of students from phase-1. They are eligible to get more fund to start-up their company. To know more about this phase, click here. The application form available in the same page.
Phase II – Supplementary fund – Successful completion innovators from Phase I Technopreneurs. They will provide upto 45laks this time. To know more about this phase, click here. The application form available in the same page.
You need more patient to prepare the proposal. Its not like just prepare a 5 pages of documentation. You need to prepare the following documentations to enclose along with your proposal. Its compulsory.
- Signed copy of application
- Proof of residence
- Literature survey & patent search results
- Targeted Product specification/ process performance
- A one page description of potential user, why would he/she buy this new product and how would the innovator access the user
- Documentary proof of prior work ( video, photo, test report, TUC site report, press coverage etc)
- Cost justification
- Bar chart with mile stones for project schedule and
- Technology Angels evaluation form
There is no standard format for the above documentations. But search some sample templates from google and prepare the documentations.
Where to apply
Well, its time to apply your proposal. Where & How?.
Very simple. But before that I would like to introduce about one more new term for you. That is Technology Business Incubators (TBI). TBI will take care of your TePP applications. DSIR tied-up with most TBIs available in India and they will help you how to prepare TePP proposals and get fund from DSIR. So first I will provide more info about the TBI and then continue the TePP processes.
TBI (Technology Business Incubators)
Technology Business incubator (TBI) is an entity, which helps technology start-up businesses with, all the necessary resources / support that the start-up needs to evolve and grow as a mature business. Typically, TBIs provide incubatees, the start-up businesses supported by incubator, with necessary infrastructure support, technology/ prototype development support, research assistance, help in getting funding, business consulting assistance and do whatever is necessary to make the start-up a success.
Our government selected some institutions in every state and setup this TBI with different kind of resources based on the available facilities in that college/universities . For example, we have the following TBIs available in Tamilnadu. Note : All the states are having TBIs.
- Anna University, Chennai for biotechnology field
- VIT, Vellore for IT, Biotechnology and Mechanical
- Kongu, Erode for Embedded systems and Electronics
- PSG Tech, Coimbatore for IT
- University of Madras, Chennai
- IIT-Madras, Chennai.
- Bannari Amman Institute of Technology, Coimbatore
- Periyar Technology Business Incubators, Thanjavour – for Biotechnologies
Fortunately, Tamilnadu has more TBIs. To know the list of available TBIs in other states click here.
So go through the above list. Then select the TBI which is near and suitable for you. Then immediately meet the Manager of that TBI. Discuss about your plan with him. He will provide you what are the facilities he have and what he can do for you. Please note that, even you dont like to apply for TBI but still you can approach TBI to get the TePP fund from DSIR. First they will ask you to send your draft copy of all your documentations. They will get back to you if you have any corrections in your documentations. Later you need to take the hard copy of all your documents and submit it to them (to TBI). The process will take minimum 3 months to call for an review meeting for your proposal. You need to take an presentation in-front of the DSIR committee and its your responsibility to convince them to get funded. There is no final date to submit your proposal. You can take your own time. Prepare carefully and then submit. ITS OPEN FOR ALL 365 DAYS.
Because, you need space to setup your working place, need resources like machines [CNC, Lathe, biotech,.etc], hardwares, components, computers, internet,.etc to implement your prototype, need technical guidance and non-technical help like Market survey, business analysis, Ventures to invest money on your prototype,.etc. The room rent in Metro cities like Chennai & Mumbai are huge cost. So its better to utilize the TBI’s space for very low cost and you can stay with them upto 3 years. After you successfully applied for TePP fund, then approach the same TBI to get resources for you. You no need to give any share for them.
Hey,..you! Are you a women entrepreneur? Oh…you are so lucky yaar!. Do not ignore the next section.
Facilities/benefits for women entrepreneurs
There are lots of extra benefits available for women entrepreneurs rather than the men entrepreneurs. For example, you got the loan from government through by the above schemes and suppose your business went in loss. Then you no need to return the full amount to them. There are some percentage of exceptions are available for womens. BUT THIS SCHEME IS NOT AVAILABLE FOR MEN ENTREPRENEUR. In Tamilnadu, Periyar Technology Business Incubators, Thanjavour encouraged women entrepreneurs and they provide first preference to them. So, Women entrepreneurs, try to utilize the available resources and create more job opportunities for womens and as well as mens. Till now I did not get any documented proof for this scheme. I discussed with some TBIs and I come to knew about it. Leave your comments if you have any links, reference,.etc.
What I can do for you?
I am also applying for this TePP through VIT TBI. The manager of VIT TBI, Mr.Balachandran provided more info reg the TePP and TBI and What are the things to be done before we start a company. Now I am preparing the draft copy of my TePP proposal and it is in the final stage. I will submit my final copy of the TePP proposal soon. I dont have any experience in getting fund from TePP project. But I can surely help you, how to prepare a proposal, other necessary documents, howto approach TBI,..etc. You can reach me by asprakash83_at_gmail_dot_com (or) you can leave your comments.
Quick reference to apply for TePP Project fund
- Think about a unique novel innovation commercial product idea
- Prepare the proposal and necessary documents for your idea
- Select any one of TBI and approach them to apply for TePP fund
- Apply for TePP
- Meanwhile prepare a business plan for your company and apply for TBI to get working place
- Implement your idea and create the prototype of your invention.
- Approach Venture Capitalizer to invest money on your idea to make business.
- Leave from TBI and create a own working place for you. Be a employer… :)
- DSIR Tepp main page
- NSTEDB – National Science & Technology Entrepreneurship Development Board
- Available TBIs in India
- Official Tepp blog
- TePP outreach centres
- Entrepreneur’s site