A meeting has been held to set up a new start-up hub in India. The start-up hub would be established in the Erode region under the Tamil Nadu Startup and Innovation Mission (TANSIM).
A consultative meeting was organized to build a start-up centre in the Erode region, under the Tamil Nadu Startup and Innovation Mission (TANSIM).
The meeting took place at the Collectorate, on May 10, Tuesday.
During the meeting held in the presence of Collector H. Krishnanunni, the fundamental policy objectives to make the State a major economic power in the country were presented by deputy chairman of the State Planning Commission (SPC), J. Jeyaranjan. TANSIM’s Chief Executive Officer, Sivarajah Ramanathan, discussed how the hub works and how it benefits young entrepreneurs and industrialists.
He stated that the goal is to build support infrastructure and strengthen current mechanisms in the thrust areas of transportation and logistics, health care, agriculture, artificial intelligence, and collaboration with educational institutions to encourage youth to start businesses.
The Tamil Nadu Startup and Innovation Policy 2018-2023 seeks to encourage and cultivate a thriving startup ecosystem in the state, resulting in innovation and entrepreneurship-driven employment and economic growth, as well as the formation of at least 5,000 businesses by 2023.
According to the policy, the first phase will see the establishment of brand startup hubs in Erode, Madurai, and Tirunelveli. The districts of Coimbatore, Tiruppur, Dharmapuri, Salem, Namakkal, Krishnagiri, and The Nilgiris would form the Erode hub.