Tamil Nadu has tripled its registered startups count from 2021: MSME minister

Posted under: MSME
Date: 2023-11-27
Tamil Nadu has tripled its registered startups count from 2021: MSME minister

Tamil Nadu has witnessed a remarkable surge in the number of startups, soaring from approximately 2,300 registered startups in the state in March 2021 to over 7,400 at present, announced state MSME minister TM Anbarasan on Friday. "Startups from Chennai secured over $1.5 billion in investments in the last year... In total, the current government has allocated Rs. 42 crore to 153 startups through various funding initiatives," he added. The minister made these remarks during the launch of Startup Tamizha, a business reality TV show designed to identify and support 50 startups from across the state with funding from angel investors.The show aims to cultivate an entrepreneurial spirit among the youth of the state. Internationally and nationally, shows like Shark Tank have heightened awareness of the startup world, bringing the concept into mainstream culture.