Thiruvananthapuram, Jan 15: The Department of Scientific and Industrial Research (DSIR) has chosen Technopark's two innovative projects for funding under its Technopreneurship Promotion Programme (TePP).
A release from Technopark said Velozeta and TORQUE had been awarded Rs 12 lakh and Rs eight lakh respectively by the DSIR for their innovative and path-breaking projects. Of the six projects presented for the grant by the Technopark, these two, started by two groups of engineering students from College of Engineering Thiruvananthapuram, got selected.
Velozeta is developing a patented novel six-stroke internal combustion engine architecture, which is projected to double fuel efficiency and drastically reduce pollutant emissions compared to existing engines.
TORQUE, a mobile media and entertainment company is awarded the grant to develop their Mobile Crime and Accident Reporting Platform (MCARP).
The release quoted Technopark CEO R K Nair as saying,''Technopark Business Incubation Centre (T-BIC) and Technology Business Incubator (TBI) in the last four years have successfully created an environment viable for the development of technopreneurship in Kerala.
The result so far has been amazing and with path-breaking projects from startups like Velozeta and TORQUE, the future looks extremely promising.'' Technopark as part of its incubation initiatives, along with IIITM-K and Entrepreneur Development Institute of India (EDII) based at Ahmedabad, has set up the National Centre for Innovation, Incubation and Entrepreneurship (NCIIE) to develop entrepreneurship in Kerala.