IIT Madras Launches Innovation-TN to Showcase Tamil Nadu’s Start-up Ecosystem

IIT Madras has launched ‘Innovation-TN’, that offers one-stop highlights of Tamil Nadu’s start-up ecosystem and innovation. Check details here

IIT Madras Launches Innovation-TN

The Indian Institute of Technology (IIT) Madras, along with Guidance Tamil Nadu, has launched INNOVATION-TN, a state-level dashboard for start-ups and innovation. The platform highlights Tamil Nadu’s start-up ecosystem, showcasing the state’s innovation potential to the stakeholders including investors, industries, financial institutions, and entrepreneurs.

Conceptualised by the Centre for Research on Start-ups and Risk Financing (CREST), an Institute of Eminence Research Centre at IIT Madras, along with YNOS Venture Engine (IIT Madras-incubated start-up), INNOVATION-TN leverages CREST’s advanced start-up and investor platform, widely regarded as the most comprehensive of its kind in India.

Highlighting the importance of this innovation dashboard, Thiru T.R.B. Rajaa, Minister for Industries, Investment Promotions and Commerce, Government of Tamil Nadu, said, “The launch of the Tamil Nadu Innovation Platform marks a pivotal step in our journey towards promoting innovation and strengthening our entrepreneurial ecosystem. It reflects our government’s vision to position Tamil Nadu as the national leader in innovation, advanced manufacturing, and inclusive economic growth, ensuring that opportunities are accessible across every district, not just in metropolitan hubs.”

Prof. V. Kamakoti, Director, IIT Madras, added, “The dashboard will help policymakers to focus on the sectoral strengths of the different districts and develop suitable policy policies and programs. The dashboard also showcases the pool of start-ups to National and Global investors, thereby attracting investments from global Tamil diaspora as well as savvy angel and institutional investors.”

Highlighting the features of the dashboard, Prof. A. Thillai Rajan, Faculty, Department of Management Studies, IIT Madras, and Head, CREST, IIT Madras, said, “The dashboard can be a big benefit to entrepreneurs, start-up founders and corporates who have the greatest need for access to information. The platform helps the start-ups to quickly identify the most relevant and appropriate incubators, investors, and banks for their ventures, thereby not only saving significant time and effort but also improving the chances of success. Corporates and large industries would find the dashboard to be a one-stop source to identify suitable start-ups to partner with in their innovation journey.”

Further, Dr. Darez Ahamed, MD & CEO, Guidance Tamil Nadu, said, “The Tamil Nadu Innovation Platform is a catalyst for collaboration between industries, startups, R&D firms, and academic institutions across the State. By spotlighting sectoral strengths in each district, we are enabling corporates to integrate into thriving local ecosystems, investors to identify promising opportunities, and policymakers to design targeted interventions that accelerate inclusive and sustainable growth”

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