Tamil Nadu Space Tech Fund (TNSTF)

About

The Tamil Nadu Space Tech Fund (TNSTF) is a government-backed initiative aimed at supporting startups in the space technology sector with up to ₹5 million in matching grant funding, focusing on areas such as satellite systems, AI, and robotics, while promoting collaboration with private investors to accelerate product development and market entry.

Benefits

• 💰Financial Support
  Up to ₹5 million in matching grant funding from the government
• 🚀Milestone-Based Funding
  Disbursement of funds is based on achieving specific milestones
• 🔬Support for Prototyping
  Funding can be used for prototype development, product engineering, and testing
• 🌌Focus on Key Areas
  Support is available for various critical areas in space technology, including satellite systems, launch technology, and AI
• 🤝Collaboration Opportunities
  Encourages collaboration with private investors to enhance innovation in space technology.

Eligibility Criteria

• Open to startups registered in Tamil Nadu
• Must be a legally registered startup with valid incorporation documents
• Must secure confirmation of external funding from angel investors, venture capitalists, institutional partners, or corporations
• Must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) in India
• Existing businesses that are split, restructured, subsidiaries, joint ventures, affiliated companies, or foreign subsidiaries in India are not eligible.

Participation Commitments

• Must submit the application through the StartupTN official website
• Participants must report on progress based on the established milestones for funding disbursement.

Target Sector

Space Technology and Innovation

Target Location

Tamil Nadu, India