SSIS in sql server 2014 is not working

I have both sql server 2008 and 2014 in my machine.i developed a custom SSIS component in framework 4.5. when i drag and drop my custom component in  sql server 2014  it is
throwing below error
The component could not be added to the Data Flow task. Could not initialize the component. There is a potential problem in the ProvideComponentProperties method. (Microsoft Visual Studio)
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Error at Data Flow Task [SSIS.Pipeline]: Component , clsid {33D831DE-5DCF-48F0-B431-4D327B9E785D} failed to initialize due to error 0x80131600 "".
Error at Data Flow Task [ [2]]: The component is missing, not registered, not upgradeable, or missing required interfaces. The contact information for this component is "".

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Exception ...