The proliferation of higher Education institutions in the state has made Nadu a hub forstartupincubation centres, but this vast Network has not translated in the number of startups that have emerged from the state. Recognizing a need for capacity building and hand-holding for the state’s incubators to achieve desired results, the state finance budget proposed support systems for the incubators.
While details of the scheme including funds allocated, ceiling limits of financial assistance and are yet to be determined, StartupTN CEO Sivarajah Ramanathan said that this would help in improving the focus of the incubation centres to specialise in high impact areas. “We will also work with any private educational institutions or any other entity that wishes to set up centres of excellence in the mentioned verticals,” he said.