CHENNAI : In a bid to realise the aim to nurture 15,000 startups and propel the state into the top 20 startup hubs globally by 2032, Minister for Youth Welfare and Sports Development Udayanidhi Stalin on Saturday inaugurated StartupTN Chennai Hub office at the Chennai Metro Rail Limited building in Nandanam.
The facility, which has come up on the 10th floor of the building, will offer on-demand seating options tailored for startups, allowing them to utilise it as a workspace, alongside accommodating StartupTN officials.
The arrangement aims to address the challenges that startups from outside Chennai encounter when seeking workspace during their visit to the city. The office has 15 cabins.
Additionally, designated office areas will be provided for venture capitalists and mentors.
Furthermore, a meeting hall will be accessible for both Startups and investors to utilise for collaborative discussions.
Minister for MSME TM Anbarasan was present on the occasion, MSME Secretary Archana Patnaik and Mission Director and CEO of StartupTN Sivarajah Ramanathan were also present at the venue.
Ramanathan said Startup TN was working from a temporary office in Guindy.
“Now as a state nodal agency, it has a headquarter of its own. This also comes at a time when the state will be hosting the Global Startup Summit in January 2025,” he said.
He also highlighted the state already has smaller startup hubs in Madurai, Tirunelveli, Erode, Tanjore, Salem and Hosur and the new office will further strengthen the startup infrastructure in the state.
Tamil Nadu is now home to more than 7,950 DPIIT registered startups. The number is a sharp increase from just 2,300 startups that was registered in March 2021.