Tamil Nadu Scheduled Caste/ Scheduled Tribe Startup Fund

We are working to build an equitable and socially inclusive entrepreneurial ecosystem where everyone can thrive.

Description

Social Inclusion has always been the hallmark of Tamil Nadu’s policies and schemes. Creating economic opportunities is one of the most important ways to create an inclusive society. Entrepreneurship enables social and economic empowerment. However, due to lack of funding many aspiring entrepreneurs from the Scheduled Caste / Scheduled Tribe communities are unable to enter the mainstream entrepreneurial ecosystem.

We are building the nation’s pioneering diverse and inclusive entrepreneurial ecosystem.

Tamil Nadu Scheduled Caste / Scheduled Tribe Startup Fund is an initiative of the Government of Tamil Nadu to address the issue of financial exclusion of Scheduled Caste / Scheduled Tribe entrepreneurs. The objective of the fund is to invest in startups founded by entrepreneurs exclusively from the Scheduled Caste / Scheduled Tribe communities.

We want to actively make our ecosystem more inclusive by reaching out to people who have been under-represented in the ecosystem.

Eligibility criteria

The applicant, at the time of application, should conform to the definition of Startup under the Tamil Nadu Startup and Innovation Policy.
More than 50% of equity of the company/enterprise must belong to one or more founders who belong to the SC/ST community.
The control of the company/enterprise should vest with SC/ST shareholders.

The company/enterprise should be domiciled in Tamil Nadu and its principal base of operation should be Tamil Nadu.
The SC/ST entrepreneur(s) who have applied should be native(s) of Tamil Nadu or of Tamil origin.
Preference will be given if such entrepreneur(s) have their principal base of operations within Tamil Nadu.

Application Process

01.

Apply

Fill the application form in the below link with complete, adequate, and verifiable information and upload the prescribed documents.
02.

Verify

TANSIM would revert to applicants for want of further information or clarifications, if any.
03.

Direct Interactions

Shortlisted applicants would be invited for direct interactions in a multi-staged selection process.

Terms & Conditions

The applications will be processed batch-wise, on a First in First out basis.
The application should come through the prescribed transparent process.
Any form of influence would lead to disqualification of the application.
The decision of the Investment Committee will be the final.
The process of the application may take 4 to 6 months from the date of acceptance of the application (acceptance of the application does not guarantee sanction of funds).
The receipt of applications may be closed once the threshold level is reached.