Tamil Nadu Startup & Innovation Mission (TANSIM / StartupTN) · MSME Department
Tamil Nadu Startup & Innovation Mission (TANSIM / StartupTN) · MSME Department
Tamil Nadu Startup & Innovation Mission (TANSIM), SIDCO Corporate Office, Egmore, Chennai – 600 008
Revolving fund up to ₹50L to TNSSGF-approved Technology Business Incubators (TBIs) that mobilise matching industry funds (1:3 ratio). Incubators re-deploy to startups for PoC and prototype development. The Tamil Nadu Startup Seed Grant Fund (TNSSGF) – Incubator Revolving Fund is designed to strengthen the startup incubation ecosystem in Tamil Nadu.
Instead of directly funding startups, this scheme supports Technology Business Incubators (TBIs), which then deploy funds to promising startups.
Purpose of the Scheme
The scheme aims to:
Increase availability of seed capital.
Strengthen incubation centres.
Improve startup survival rates.
Encourage industry participation in innovation.
Funding Model
Revolving Fund Structure
Approved incubators receive:
Up to ₹50 lakh revolving fund support.
Matching Fund Requirement
Incubators must mobilise industry/private funding in a:
1:3
ratio.
Meaning:
For every ₹1 provided by government,
Incubators should mobilise ₹3 from industry or private ecosystem partners.
Startup Support Areas
Incubators use the funds for:
Proof-of-Concept (PoC) grants.
Prototype funding.
Product testing.
Technology validation.
Market pilot programs.
Startup mentoring.
Infrastructure support.
Role of Technology Business Incubators (TBIs)
TBIs act as startup nurturing centres providing:
Technical labs.
Co-working facilities.
Startup advisory.
Industry collaboration.
Investor networking.
Benefits to Startups
Startups supported through TNSSGF gain:
Faster access to capital.
Reduced early-stage risk.
Access to incubator resources.
Mentorship and networking.
Better commercialisation opportunities.
Section-8 registered TBIs open to public; must mobilise industry/own funds at 1:3 ratio (TNSSGF:TBI). Startups must be incubated at TANSIM-empanelled TBI and conform to policy definition.
Incubators apply to TANSIM with proof of Section-8 status, matching funds commitment (1:3 ratio), and operational plan. Individual startups apply via empanelled TBI.