Tamil Nadu to revise startup policy to boost ecosystem

Chennai, Mar 21 (KNN) In an effort to boost the startup ecosystem in Tamil Nadu, the Tamil Nadu Startup and Innovation Mission (TANSIM) is working on the revision of the startup policy. 

It will also create a startup database as well as form a mentor network.

Sivarajah Ramanathan, CEO, TANSIM said, “Tamil Nadu is doing well with regards to startups but somehow there  is a perception that the state is lagging behind when compared to other states. It is due the startup rankings that's released by various associations and research firms.” 

But we are actually doing well and the rankings are low because we don't have proper data to show various metrics, he said.

TANSIM is now working on collating data to show what is the status of Tamil Nadu startup ecosystem. 

It is also looking at startup data district wise and the funding they have received and the status of incubation cells.

Finance Minister Palanivel Thiaga Rajan announced in the budget that TANSIM will set up Regional Startup Hubs in Erode, Madurai and Tirunelveli to ensure the development of startup eco-system in all regions across Tamil Nadu. (KNN Bureau)