Tamil Nadu Emerging Sector
Seed Fund

A fund by Government of Tamil Nadu for investing in companies and startups from emerging sector

Tamil Nadu Emerging Sector Seed Fund (TNESSF) is a SEBI registered is CAT-I Alternative Investment Fund with an anchor investment of Rs 100 Cr. The fund is managed by Tamil Nadu Infrastructure Fund Management Corporation Limited (TNIFMC). StartupTN is associated with TNIFMC in managing the fund.

FOCUS

TNESSF is a sector agnostic fund that focusses on innovative and high growth enterprises based in Tamil Nadu. Investing is done on Startups and MSMEs (revenue up to Rs 250 Cr) from emerging sector.

INVESTMENT SIZE

The investment size is Rs 3.00 – 10.00 Cr per round in equity or convertibles. The fund may also consider investment up to Rs 1.00 Cr for early stage startups and also bigger sizes for large enterprises based on the requirements.

Evaluation

The prospective applicants are evaluated based on the following

  • Track record of the promoters
  • Growth prospects
  • Business model efficiency
  • Social impact
  • Exit potential
TN Emerging Sector Seed Fund Announcement

Download Application

Interested applicants can download the application form below

Download Form