Tamil Nadu has reached a significant milestone by registering over 10,000 startups with the Department for Promotion of Industry and Internal Trade (DPIIT). The state government announced this achievement on Sunday. StartupTN, the state’s dedicated agency for fostering innovation, has played a crucial role in this growth.
It has introduced various schemes and initiatives, including funding programs, mentorship opportunities, and incubation support to nurture the entrepreneurial ecosystem in Tamil Nadu. Shivaraja Ramanathan, Mission Director and CEO of StartupTN, highlighted the impressive growth of the startup community. The number of registered startups has surged from 2,300 in March 2021 to over 10,000 today.
Ramanathan credited this exponential increase to the revival of StartupTN under the leadership of Chief Minister M.K. Stalin. “This exponential growth can be attributed to the revival of StartupTN under the leadership of Hon’ble Chief Minister Thiru.
Tamil Nadu reaches startup milestone
M.K. Stalin, focusing on supporting startups and fostering innovation,” Ramanathan wrote on social media platform X (formerly Twitter). Ramanathan said that the state’s startup ecosystem has been thriving, with 9 Regional Hubs and a Metro Hub in Chennai. This provides a robust infrastructure for startups to grow.
The state government’s support has encouraged entrepreneurship among the youth. They are seen as the drivers of innovation and growth. With strong backing from the state government, Tamil Nadu is poised to become a leading startup hub.
The Union Ministry of Commerce and Industry plays a crucial role in promoting and regulating industrial and internal trade in India. This includes the registration and support of startups across the country.
