Coimbatore, Aug 21 (KNN) The number of registered startups in Tamil Nadu went up from 2,300 in March 2021 to 6,800 in 2023 due to government initiatives, Chief Minister M K Stalin said on Saturday.

Addressing the Tamil Nadu Startup Thiruvizha 2023 virtually, the CM said, “Tamil Nadu should become a leading state in the country in every field including startups. The government has launched several programmes to support the startup ecosystem.”

He pointed out that the state has established a seed fund known as TANSEED (Tamil Nadu Startup Seed Grant) with up to a grant of Rs 10 lakh for each startup, and so far orders sanctioning disbursement of Rs 10 crore to about 109 startups have been issued.

“To take growth beyond big cities, the government established regional startup hubs in Madurai, Erode, and Tirunelveli in the 2022-23 financial year. Currently, efforts are on to establish regional startup hubs in Salem, Hosur, Cuddalore, and Thanjavur,” he said.

The two-day mega event is being held under the aegis of StartupTN, the state nodal agency for startup and innovation. About 450 exhibition stalls have been set up and the event is expected to attract over 10,000 visitors.

Minister for MSMEs TM Anbarasan, industries minister TRB Rajaa, MSME department secretary Arun Roy, Coimbatore collector Kranthi Kumar Pati, Coimbatore mayor Kalpana Anandakumar and commissioner M Prathap took part.  (KNN Bureau)