The Tamil Nadu government will create a co-creation fund, with an allocation of ₹100 crore, to invest in venture capital funds, said Chief Minister M.K. Stalin at the inauguration of the Global Startup Summit in Coimbatore on Thursday (October 9, 2025).
“I would like to announce a new initiative at this summit aimed at further strengthening Tamil Nadu’s startup ecosystem. A co-creation fund with an allocation of ₹100 crore will be established. The fund will be managed by the Tamil Nadu Startup and Innovation Mission (StartupTN),” he said.
A startup revolution, the goal of ‘innovation capital’
Under this scheme, the government will invest in venture capital funds that, in turn, invest in startups based in Tamil Nadu. This initiative will lead to the creation of new venture capital firms in the State, and will also help attract leading global investment firms, Mr. Stalin added.
Inaugurating the Global Startup Summit hosted by Startup TN, the Chief Minister said Tamil Nadu has attracted investments from high-tech and labour-intensive industries. “Our government is diligently working towards achieving the goal of making Tamil Nadu a $1 trillion economy by the year 2030.”
