The Tamil Nadu Startup and Innovation Mission (Tansim) is planning to support the creation of at least 10,000 startups in the state by 2026, Tansim Chief Executive Officer Sivarajah Ramanathan said. Tansim is the lump agency for startups in Tamil Nadu and is engaged with a new startup strategy to uplift the new investor ecosphere in the state.
“We created Tansim a year ago. Our motive is to create 10,000 new startups in the next four years. This is our mid-term vision,” said Ramanathan.
The agency will be focussing on the existing 80 fecundation centers in Tamil Nadu and taking steps to connect them with markets and investors. It will also create a startup database as well as form a mentor system. This is to look into how many startups are there in each district, their funding details of them, and the sectors in which they are part.
“We will be encouraging entrepreneurism networks in colleges. Furthermore, will ensure that more players get funding outside cities like Chennai and Coimbatore,” he added.
Tamil Nadu encouraging entrepreneurism networks in colleges
Not long ago, concluded Budget, Finance Minister Palanivel Thiaga Rajan announced the plan to set up regional Startup Hubs in Erode, Madurai, and Tirunelveli to ensure the development of the startup ecosystem across the state.
In addition to this, a compilation of Rs 30 crore was announced for Tansim to boost startups by SC and ST entrepreneurs. The minister also allocated Rs 50 crore to the Emerging Sector Seed Fund to make equity investments in Tamil Nadu-based startups.
With the help of Tamil Nadu Industrial Development Corporation (TIDCO) the state also has plans to set up a startup hub in Chennai for Rs 75 crore.
“ The CEO Ramanathan also said, ” We want to be among the top three states in terms of start-up ecosystem – through supporting ideas, investments, raising funds and developing an entrepreneurial mindset,”.
With the idea of having dispersed growth, the state government is giving the plunge into agricultural technology start-ups and climate-focused players ultimately. Through the current plan, Tansim expects at least around 5-10 % of companies to get funding in the forthcoming days, which will also boost the job scenario in the state.
