Tamil Nadu recently roll out Startup and Innovation policy ‘2018-2023′

On January 19, the Tamil Nadu government roll out ‘Startup & Innovation policy 2018-2023’ with a mission of providing an enabling and innovative ecosystem for startups registered in the State and to make Tamil Nadu a ‘Global Innovation hub for startups’ by 2023. The mission shall aim for a minimum of 1,00,000 high skilled job creation, direct and indirect, in the Startup ecosystem. For implementing the policy, the State will set up Tamil Nadu Startup Fund with a corpus of Rs 250 crore. The fund will be invested in other SEBI registered Alternative Investment Funds for investment in startups and MSMEs established in Tamil Nadu.