Financial Support for

Innovations
K Suresh Kumar
PSG-STEP
PSG College of Technology
Coimbatore
Challenges
Financial Support from Idea Prototype
Technology Support
Mentoring Support
IP support
Testing & Trial
Reach to market
Avenues for Innovation
Organizations support innovations thro
building an eco system
Technopreneur Promotion
Programme (TePP)
Lemelson-Recognition & Mentoring
Programme (L-RAMP)

Technopreneur Promotion
Programme (TePP)
TePP is an initiative of
Department of Scientific & Industrial
Research (DSIR), Government of
India
Financial Support from Idea to
Commercialization
Two Phases
TePP : Phase-1
Phase 1
Two options
Option 1 : Micro-technopreneurship
Support
Upto Rs.75,000/-
Any idea proof of concept / lab
model
Proposals will be received and
evaluated at PSG-STEP
TePP:Phase-1
Option 2 : TePP Project Fund
Upto Rs.15 lakhs
Will be evaluated by PSG-STEP and the
proposals will be forwarded to DSIR,
New Delhi
Will be evaluated by the TePP Screening
Committee formed by DSIR
General Conditions for TePP
Support
Citizen of India : Faculty, Student,
Engineer, Housewife, Farmer, Technician
etc.
Should have completed matriculation
Grant
10% of the project cost should be
contributed by the innovator
Will not support software development
Basic Research will not be supported
TePP:Phase - 2
Two Options
Option 1 : Upto Rs.7.5 lakhs
Option 2 : Uptop Rs.45 lakhs
Eligibility : The innovator should have
received the TePP Phase 1 support
Statistics
Project supported:
Root Canal Sterilization Dr Ravi Kumar : Dentist : Rs.7.50 lakhs

Electronic Retrofit Cam Dobby Mr Baskar:Textile:Rs.4.4 0 lakhs

Shoulder Harness Helmet Mr Mittu : Health Care : Rs.6.60 lakhs

Shaftless Monoblock Pump Dr K M Srinivasan : Mechanical : Rs.7.50 lakhs

Bearing Mounting & Demounting Device Mr Selvaraj: Mechanical : Rs.75,000

Development of Submersible Switched Reluctance Motor Mr M Sundaram :
Electrical : Rs.75,000

Distributed Agitation System for Spirulina Cultivation Dr V Ramamoorthy :
Biotech : Rs.75,000

Vision System for Automatic Inspection of Components Ms Lakshmi Deepika :
Electronics : Rs.75,000
Statistics
Last 2 years :
12 proposals have been forwarded to DSIR
9 got sanctioned
1 deferred for further information
2 proposals are under consideration
Lemelson-Recognition &
Mentoring Programme (L-RAMP)
L-RAMP is a joint initiative of
Lemelson Foundation, USA
IIT Madras
Rural Innovations Network

Socially relevant innovations
L-RAMP
PSG-STEP is one of the nodal institutions
Funding support upto Rs.25 lakhs
Student Project Support Scheme (Presently
with PSG, may be extended to MIP institutions
from next year)
My Idea Programme
Student Fellowship
L-RAMP Award Programmes
Thank you
Discussions