Venture Intelligence (TSJ Media Pvt. Ltd.)
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TN govt to introduce equity model under TANSEED 5.0 to encourage startups
Tamil Nadu would introduce an equity model for startups in the fifth edition of Tamil Nadu Startup Seed Fund (TANSEED 5.0) for the first time, aimed at encouraging enterprises to scale up their operations. Since the introduction of TANSEED in 2021, the government has supported 84 startups in the state. In its fifth edition, aimed at benefit 50 startups, it would go for an equity model for 3% stake in the startups. TANSEED aims at bridging the gap in fund requirements of startups in their early stages. The seed fund provides support of up to INR 15 lakh to green technology, rural impact and women-led ventures.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.