TN sets up Rs 100cr fund to boost startup investments in state

The Tamil Nadu government is establishing a 100 crore ‘co-creation fund’ to support the growth of venture capital funds in the state. The fund aims to improve investments for regional startups, women-led ventures, and those focused on rural impact and climate action. Managed by professionals, the government will contribute a predetermined percentage based on the fund’s target theme. This initiative is part of the new ‘Tamil Nadu Startup and Innovation Policy 2023-2028’ with the goal of making Tamil Nadu one of the top 20 global startup destinations by 2032. The policy also emphasizes social justice and inclusivity in the startup ecosystem.