Technology obsolescence coupled with economic recession is taking heavy toll of small technology ventures. TePP can help them in 2 ways:
1. If the promoter is innovative, he/ she can avail TePP funds to come with new designs.
2. If the business owner is clear only about the problem , then he/she can invite proposals from independent innovators. That is what large companies from P&G to Google do. TePP Open innovation portal facilitates this outsourcing of R&D.