TANSEED” (Tamil Nadu Startup Seed Grant Fund). TANSEED provides a seed fund support up to INR.10 Lakhs as a grant to budding startup entrepreneurs in their early stages of the company. TANSEED aims to bridge the gap in fund requirements of startups during their early stages.
The grant is given based on a rigorous evaluation process as mentioned in the MSME(A) G.O.(Ms) No.49 guidelines. Out of the applications received, top startups are shortlisted after the first level of evaluation. These startups go through boot camps, training, and mock pitching sessions. These selected startups make a final pitch to a jury of an esteemed panel consisting of the Mission Director, a Nominee from the Finance Department, successful entrepreneurs, Venture Capital firm partners, Angel Investors, and domain experts. Finalists of the Final Pitch get awarded with grants of INR 10 Lakhs each.