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38 startups founded by SC/ST youth get funding from Tamil Nadu government
YourStory
·
1y ago
Medial
The Tamil Nadu government has allocated Rs 80 crore to support startups founded by entrepreneurs from the SC/ST communities. So far, 38 startups have received investments of about Rs 55.20 crore through this initiative. The government's aim is to promote entrepreneurship and innovation among the marginalized communities and boost economic opportunities. The state has seen a significant increase in the number of startups, with over 6,000 established since 2021. This growth is attributed to the government's focus on promoting startup culture and implementing supportive policies.
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Funding in Karnataka, Gujarat, Tamil Nadu tech startups plummet in 2023: Report
Livemint
·
1y ago
Medial
According to the Tracxn Geo Annual Report, funding in tech startups of Karnataka, Gujarat, and Tamil Nadu witnessed significant declines in 2023. Karnataka's tech startup ecosystem saw a 72% drop in funding, Gujarat-based startups experienced a 66% plunge, and Tamil Nadu witnessed an 85% decrease in funding. Fintech, retail, and enterprise applications were the top-funded sectors in Karnataka, while Chennai was the highest-funded city in Tamil Nadu. Overall, there was a notable decrease in funding rounds and a challenging environment for startups in these regions.
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Tamil Nadu To Set Up Two New Regional Startup Hubs In Coimbatore, Tiruchi
Inc42
·
1y ago
Medial
The government of Tamil Nadu has established regional hubs in various cities to support startups, organize events, and promote innovation. Additionally, Global Startup Coordination Centres in Singapore and the US will be set up to assist startups in expanding internationally. Tamil Nadu, known for successful startups like Zoho and Freshworks, has a thriving startup ecosystem with over 7,700 registered startups.
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Tamil Nadu crosses 10,000 DPIIT-registered startup millstone, credits StartupTN mission
YourStory
·
8m ago
Medial
Tamil Nadu has surpassed 10,000 registered startups, marking a significant achievement for the state. StartupTN, an initiative by the government, has played a vital role in nurturing the ecosystem through various schemes, funding opportunities, mentoring, and incubation support. The state's startup ecosystem is flourishing with multiple regional hubs and a metro hub in Chennai that provide a strong infrastructure for aspiring entrepreneurs. This exponential growth can be attributed to the focus on supporting startups and fostering innovation under the leadership of Chief Minister M K Stalin. Tamil Nadu aims to become a prominent startup hub with continued government backing.
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Google excited about progress with Pixel phones: TN industries minister
Economic Times
·
11m ago
Medial
Tamil Nadu Industries Minister TRB Rajaa met with representatives from Google to discuss the progress of the Google Pixel phone manufacturing in Tamil Nadu. The state government had recently signed an MoU with Google for the establishment of Tamil Nadu AI Labs. The collaboration aims to drive technological advancements and foster innovation, focusing on areas such as AI start-up enablement, skilling, and industrial ecosystem development. The discussions also explored opportunities in sectors including manufacturing, skill development, education, startups, and MSMEs. The AI Lab is set to open soon.
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TN government inks deal with Google for Tamil Nadu AI Labs in Chennai
Economic Times
·
1y ago
Medial
The government of Tamil Nadu has signed an MoU with Google to establish the 'Tamil Nadu AI Labs' in Chennai. This partnership aims to skill 2 million young individuals in AI, collaborate with startups, and support the MSMEs and rural economy. Additionally, the government has signed several other MoUs with companies like Nokia, PayPal, Microchip, Yield Engineering Systems, Applied Materials, and Infinx. The Chief Minister of Tamil Nadu, MK Stalin, visited the offices of tech giants such as Apple, Google, and Microsoft during his visit to the United States.
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Tamil Nadu startup mission launches business pitch reality TV show
IndianStartupNews
·
1y ago
Medial
Tamil Nadu has launched "Startup Thamizha," the state's first Business Pitch Reality TV show aiming to identify and provide funding for 50 promising startups. The show has already secured a funding commitment of INR 200 crore (approximately $27 million) from various investors. The first season is expected to air in February 2024 and will be produced by Brand Avatar, Blue Koi, and Refex Capital. The initiative seeks to foster a thriving startup ecosystem and support grassroots-level entrepreneurship in Tamil Nadu.
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Google to explore manufacturing of Pixel 8 phones, skill development in Tamil Nadu
Economic Times
·
1y ago
Medial
Google has signed a memorandum of understanding (MoU) with the Government of Tamil Nadu in India to collaborate on various initiatives. This includes manufacturing Pixel 8 phones in Tamil Nadu, skill development, and building an AI ecosystem to support MSMEs. Under the MoU, Google will work with the state government to provide access to advanced technologies and resources for inclusive growth. They will also collaborate on upskilling the workforce with AI capabilities and enhancing digital education. Additionally, Google will support startups and innovation in the state through mentorship and networking opportunities.
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Social justice and the start-up ecosystem
Money Control
·
1y ago
Medial
The Minister for Information Technology and Digital Services of Tamil Nadu, PTR Palanivel Thiagarajan, has expressed the government's commitment to ensuring equitable access and social justice within the start-up and innovation ecosystem. The government has allocated targeted funds and training programs for SC/ST entrepreneurs and women, aiming to overcome barriers and biases that limit their access to resources and networks necessary for start-up success. The article questions whether social justice and affirmative action are necessary in the start-up ecosystem.
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Tamil Nadu sets up deeptech centre at Anna University to facilitate innovation
YourStory
·
1m ago
Medial
Tamil Nadu has inaugurated a Technology Transfer Facilitation Centre at Anna University, Chennai, to enhance the state's deeptech innovation landscape. Funded by the government, the centre aims to bridge the gap between academia, research institutions, startups, and industries by facilitating technology commercialization. It will address challenges like fragmented networks and regulatory hurdles, supporting areas such as AI, semiconductors, and clean energy. The centre will also offer funding, training, and mentorship to startups and researchers.
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Tamil Nadu to SC: Vedanta’s Sterlite Copper not a national asset
Livemint
·
1y ago
Medial
The Tamil Nadu government has stated that Vedanta Ltd's Sterlite Copper plant should not be considered a national asset and argued that Adani Group's upcoming copper smelter plant in Gujarat can fulfill India's copper demand. The Sterlite Copper plant, which was shut down in 2018 due to protests, contributed to 40% of India's copper demand. The state government opposed reopening the plant, citing allegations of pollution and stating that the closure has not caused any economic loss to the region. Vedanta, however, expressed its willingness to form a committee and abide by its recommendations for reopening the plant.
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