Latest news with #TamilNaduStartupandInnovationMission
New Indian Express
27-04-2025
- Business
- New Indian Express
Deputy CM Udhayanidhi Stalin unveils startup summit logo
CHENNAI: Deputy Chief Minister Udhayanidhi Stalin on Saturday launched the logo and website for the Tamil Nadu Global Startup Summit (TNGSS) 2025, set to be held in Coimbatore, as the state seeks to boost its startup ecosystem. Dates for the summit at CODISSIA, Coimbatore, will be announced soon, according to a release. The summit, organised by the Tamil Nadu Startup and Innovation Mission (StartupTN) under the MSME Department, aims to position the state as a global startup hub. The event is expected to attract more than 30,000 participants, including startups, investors, universities, and policymakers from India and abroad. Tamil Nadu, which has seen the number of startups registered with the Department for Promotion of Industry and Internal Trade (DPIIT) rise from 2,032 in 2021 to over 10,800 (till today), is targeting to become a $1 trillion economy by 2030, the release said. To realise the vision of ensuring distributed growth across the state, regional hubs have been established over the past four years in 10 districts – Chennai, Madurai, Erode, Tirunelveli, Hosur, Salem, Cuddalore, Thanjavur, Coimbatore and Trichy – the release said. The summit will feature a large-scale startup expo with more than 750 stalls representing sectors such as SpaceTech, climate change management, electric vehicle technology, AgriTech, and artificial intelligence. Government departments, corporates, and incubators will also participate, the release said.
The Hindu
24-04-2025
- Business
- The Hindu
T.N. government aims to take start-ups to villages, says StartupTN CEO
The Tamil Nadu Startup and Innovation Mission (StartupTN) will be launching a scheme called Gramam Thorum Puthozhil (Establishing Start-ups in Villages) this year, focusing on inclusive entrepreneurship, rural innovation, and sustainable economic growth. 'We want to take the culture of innovation and entrepreneurship to villages,' Sivarajah Ramanathan, Mission Director and Chief Executive Officer, StartupTN, said in a fireside chat on 'Harnessing Innovation: Tamil Nadu's Role in the Global Startup Ecosystem.' The session was moderated by Kunal Shankar, Deputy Business Editor, The Hindu. Highlighting the various initiatives of StartupTN, Mr. Ramanathan said: 'Our primary mandate is to create a good ecosystem for start-up companies to start and grow in the State. We are creating funding schemes; we are working with Venture Capitalists to connect with start-ups. Our policy focuses on three major inclusive aspects — gender inclusivity, caste inclusivity, and geographical inclusivity. We have over 40 different schemes,' he added. Throwing statistics on how the start-up ecosystem has grown over the last three years, Mr. Ramanathan said Tamil Nadu currently had over 10,700 start-ups. 'This is a 5x growth. When we started, we were at the last in the national rankings but now we are competing with States such as Karnataka and Maharashtra,' he said. When the moderator asked him about the yardstick used to define start-ups, he said: 'In 2023, the Government of Tamil Nadu introduced a policy that slightly modified the Government of India's definition of a start-up. While the Centre defines a start-up as being less than 10 years old with a turnover of less than ₹100 crore, Tamil Nadu's policy revised the turnover threshold to ₹50 crore.' 'Additionally, to support social impact, Tamil Nadu's definition expands beyond new innovations. For example, while e-commerce may no longer be considered an innovation, if a marginalised community — such as a tribal one — is using an online platform to sell their products, it qualifies as a start-up to us. The key criteria are that the start-up should benefit the community members,' Mr. Ramanathan added. The event is presented by SRM Institute of Science and Technology, co-presented by StartupTN and in association with Sify Technologies. Retail GPT is the phygital commerce partner; Tally the technology partner; CII the strategic partner; ITC Mangaldeep the fragrance partner; and Puthiya Thalaimurai the TV partner.
