The programme TANSEED aims to help startups in Tamil Nadu receive funds. The scheme gives up to Rs 10 lakhs to early-stage startups. Other schemes such as the 100-crore emerging sector seed fund, the 30-crore exclusive fund for SC/ST entrepreneurs, ‘Tamil Angels’ platform for high-net-worth individuals, and the aggregator platform TANFUND for venture capital firms intend to strengthen the investment ecosystem. Several programmes have been introduced in incubation and acceleration arenas as well. S2G in market connect programmes to link startups with the government. Startups can give services and solutions to government departments. Programmes that cost up to Rs 50 lakhs will not have a tender process. Tamil Nadu Startup and Innovation Mission (TANSIM) also provides startups with an option to connect with foreign countries. If ‘Launchpad’ helps startups with branding and product launch, the initiative ‘Brand Labs’ serve as a bridge between startups and industry veterans. Interacting with industry veterans will help entrepreneurs develop a good market plan and strategy. The Tamil Nadu startup ecosystem has initiatives in different areas such as investment, incubation, and market acceleration. To encourage more activities in the startup ecosystem, startup circles have been formed across sectors. TN CIRCLES in the corporate circle is an example. There are about 30 verticals under the startup ecosystem. Each one has a startup forum that comprises startups, investors, mentors, incubators, and market buyers. These are some of the long-term plans of TANSIM, said Shivaraj Ramanathan, CEO and MD of Tamil Nadu Startup Mission, in an exclusive interview with Channeliam.com
