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Tamil Nadu crosses 10,000 DPIIT-registered startup millstone, credits StartupTN mission

YourStory

YourStory · 6m ago

Tamil Nadu crosses 10,000 DPIIT-registered startup millstone, credits StartupTN mission

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.

Related News

Tamil Nadu Startup Mission to launch reality show Startup Thamizha

Economic Times

Economic Times · 1y ago

Tamil Nadu Startup Mission to launch reality show Startup Thamizha

The Tamil Nadu Startup and Innovation Mission (StartupTN) is launching a reality show called 'Startup Thamizha' aimed at bridging the gap between startups and investors, as well as creating awareness about startups in the state. The show will feature startups pitching their innovations to global investors and successfully raising funds. It aims to provide support and mentorship to aspiring entrepreneurs and highlight investment opportunities for potential investors. The initiative is part of StartupTN's efforts to promote entrepreneurship and innovation in Tamil Nadu.

Tamil Nadu To Set Up Two New Regional Startup Hubs In Coimbatore, Tiruchi

Inc42 · 1y ago

Tamil Nadu To Set Up Two New Regional Startup Hubs In Coimbatore, Tiruchi

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.

DPIIT inks pact with Apna to boost startup talent

Economic Times

Economic Times · 5m ago

DPIIT inks pact with Apna to boost startup talent

The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with professional networking platform Apna to enhance startup hiring efforts. This agreement offers government-registered startups credits worth Rs 2,000 each on Apna’s platform, facilitating job postings and access to customized talent pools. With substantial registrations on DPIIT's Bhaskar platform, the initiative aims to strengthen hiring processes, supporting an estimated initial value of Rs 140 crore, potentially reaching Rs 300 crore as startups expand.

No angel tax scrutiny for DPIIT-recognised startups: Govt

News 18

News 18 · 1y ago

No angel tax scrutiny for DPIIT-recognised startups: Govt

Startups registered with DPIIT (Department for Promotion of Industry and Internal Trade) will not be subjected to assessment proceedings for angel tax amendments introduced in Budget 2023. The Budget widened the scope of angel tax to include foreign investments, but exemptions were provided for startups registered with DPIIT. In a circular, the CBDT (Central Board of Direct Taxes) stated that if a DPIIT-recognised startup is chosen for scrutiny regarding angel tax, the assessing officer will not verify the case and the startup's contention will be accepted. This provides much-needed clarity on the applicability of angel tax on registered startups.

National Startup Day: India home to 118k recognised start-ups; Gujarat, Karnataka, Kerala, Tamil Nadu top list

Business Today

Business Today · 1y ago

National Startup Day: India home to 118k recognised start-ups; Gujarat, Karnataka, Kerala, Tamil Nadu top list

On National Startup Day, the Department for Promotion of Industry and Internal Trade (DPIIT) announced rankings for states and union territories based on their startup initiatives. Gujarat, Karnataka, Kerala, and Tamil Nadu secured the top spots in the best performer category for states with a population of over 10 million. Himachal Pradesh claimed the top spot in the best performer category for states with a population less than 10 million. India is home to 118,370 recognized startups, and the country saw the emergence of 950+ new tech startups in 2023, solidifying its position as the world's third-largest startup ecosystem.

Number of registered startups in Tamil Nadu tripled in two years, says CM Stalin

Economic Times

Economic Times · 1y ago

Number of registered startups in Tamil Nadu tripled in two years, says CM Stalin

The number of registered startups in Tamil Nadu has tripled within two years under the leadership of Chief Minister M K Stalin's government, reaching 6,800 from 2,300 in March 2021. The growth is attributed to various initiatives aimed at promoting startup development. The state government established the TANSEED fund, providing grants of up to Rs 10 lakh to startups, and set up regional startup hubs in cities like Madurai, Erode, and Tirunelveli to foster growth beyond urban centers.

Over 29,500 drones registered in India; Delhi, Tamil Nadu, Maharashtra on top

YourStory

YourStory · 4m ago

Over 29,500 drones registered in India; Delhi, Tamil Nadu, Maharashtra on top

More than 29,500 drones are registered in India, with Delhi leading at 4,882, followed by Tamil Nadu and Maharashtra. The Directorate General of Civil Aviation's data indicates 29,501 registered drones as of January 29, 2025. Other states with high drone registrations include Haryana, Karnataka, Telangana, Gujarat, and Kerala. The government has issued 96 Type Certificates and 22,466 Remote Pilot Certificates. Drones can be operated in designated zones, with varying permissions required.

Funding in Karnataka, Gujarat, Tamil Nadu tech startups plummet in 2023: Report

Livemint

Livemint · 1y ago

Funding in Karnataka, Gujarat, Tamil Nadu tech startups plummet in 2023: Report

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.

From IT to ice cream to concrete, Indian startups doing it all

Economic Times

Economic Times · 2m ago

From IT to ice cream to concrete, Indian startups doing it all

India has 1,61,150 DPIIT-recognized startups, generating over 17.69 lakh jobs, mainly in IT, healthcare, and F&B. The government, via SIDBI's Fund of Funds for Startups, has disbursed Rs 18,633 crore to Alternative Investment Funds over five years. Karnataka, Maharashtra, and Delhi are major beneficiaries. Maharashtra leads in government-guaranteed loans under the Credit Guarantee Scheme for Startups, securing Rs 125 crore in the last two years, ahead of Haryana and Tamil Nadu.

Ather Energy To Set Up Third Manufacturing Facility In Maharashtra As EV Sales Rise

Inc42 · 1y ago

Ather Energy To Set Up Third Manufacturing Facility In Maharashtra As EV Sales Rise

Ather, an electric vehicle startup, plans to expand its manufacturing and set up a new plant in Hosur, Tamil Nadu. This move aims to increase its market reach and reduce logistics costs. The company already operates two facilities in Tamil Nadu for battery production and vehicle assembly. Ather is preparing for an initial public offering (IPO) and faces competition from Ola Electric and TVS.

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