StartupTN got funding of Rs 80 cr, formed partnerships with 200 VCs: CEO
The Tamil Nadu government-backed StartupTN has secured funding of Rs 80 crore and has formed partnerships with over 200 venture capital firms, a top official said on Friday.
The agency was actively working to bring in more venture capitalists to invest in the state through the fund aggregator platform TANFUND (The Startup Funding Platform), StartupTN Managing Director and CEO Sivarajah Ramanathan said here.
StartupTN aims to nurture a vibrant startup ecosystem in the state to encourage innovation and entrepreneurship-driven employment and economic growth.
"Our goal is to create a vibrant startup ecosystem that drives innovation and growth. Today, we are taking this mission further by launching a credit course for engineering students under the 'Naan Mudhalvan' initiative and introducing the Campus Startup Circle model in collaboration with EDII (Entrepreneurship Development and Innovation Institute)," Ramanathan said at the Confederation of Indian Industry, Tamil Nadu Startup Summit