Tamil Nadu Emerging Sector Seed Fund

A Category I (Venture Capital) Alternate Investment Fund

Tamil Nadu Emerging Sector Seed Fund (TNESSF) is a Government of Tamil Nadu initiative that has been established with the objective to invest in start-ups and undertakings in the sunrise/ emerging sectors. Our purpose is to identify and invest in “bankable” start-ups & emerging sector companies to add alpha to the business in the form of financial and non-financial support.

Eligibility Criteria to apply for funding from TNESSF

Start-ups

  • Should be a company established under the Companies Act, 2013 or a limited liability partnership registered under the Limited Liability Partnership Act, 2008.
  • Should be headquartered in Tamil Nadu or be willing to relocate to Tamil Nadu.
  • Working towards innovation, development, or improvement of products or processes in any sector.
  • Should be in existence for less than ten years from the date of its incorporation.
  • Turnover for any of the financial years since incorporation has not exceeded Rs. 25 crores.

Non-startups

  • Should be a company established under the Companies Act, 1956/ 2013.
  • Should be headquartered in Tamil Nadu or be willing to relocate to Tamil Nadu or have significant operations in Tamil Nadu.
  • Working towards innovation, development, or improvement of products or processes in the emerging sectors such as AI/ML, Cloud Computing, Advanced Manufacturing/ Robotics, Blockchain, Cyber Security, IoT, AR/VR, AgriTech, HealthTech, EdTech, Climate Action, FinTech, CleanTech, Future of Work, Gaming, AdTech and other emerging sectors listed in the TN Industrial Policy.

Application Process

  • Interested applicants may send their proposal to tnessf@tnifmc.com.
  • There is no prescribed template for submission of applications. Applicants may email their written proposals containing information About the Company, About the Business/ Revenue Model, Funding Requirement and Use of the funds.
  • TNIFMC would revert to applicants for any further information.
  • Shortlisted applicants would be invited for direct interactions in a multi-staged selection process.

There is no deadline for submission of applications.
However, the first batch of evaluation will cover proposals received till 30th May 2022.