The Tamil Nadu government has called for applications from startups and companies having innovative ideas in the emerging sectors and looking for funding under the Tamil Nadu Emerging Sector Seed Fund (TNESSF).
According to the details posted on the website of the Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), firms working towards innovation, development or improvement of products or processes in the emerging sectors such as AI/ML, cloud computing, advanced manufacturing/robotics, blockchain, cybersecurity, IoT, AR/VR, agritech, healthtech, edtech, climate action, fintech, cleantech, future of work, gaming, adtech and other sectors would be eligible for funding.
Sivarajah Ramanathan, Chief Executive Officer of Tamil Nadu Startup and Innovation Mission (TANSIM), said the funding would be given under two categories — startups and non-startups. “We will also see what support system we can provide them apart from funding and we will also see how we can align with them. The idea is to create a strong startup ecosystem,” he said.
