Federal Bank and Tansim to propel the startup ecosystem in Tamil-nadu

To support start-ups in Tamil Nadu, Federal Bank, one of India’s leading banks, TANSIM, the Tamil Nadu Government’s startup initiative, and MindEscapes Innovation Center, Nilgiris are collaborating. The collaboration aims to provide loans and grants from Federal Bank to Tamil Nadu startups identified by TANSIM and pitched through sessions curated and run by TANSIM.

MindEscapes Knowledge Partners, with locations throughout the state.

“We are thrilled to be collaborating with Federal Bank and MindEscapes to support startups in Tamil Nadu,” said TANSIM CEO Sivarajah Ramanathan. “By providing access to capital and other critical resources, we can help startups scale their businesses and spur innovation in the state.”

“Our collaboration with TANSIM demonstrates our commitment to young businesses that contribute to the growth of our economy.

Federal Bank

Creating employment opportunities. We are hopeful that this will spur more innovation in the country “Shyam stated

Srinivasan, Federal Bank’s MD and CEO.

“At MindEscapes, our mission is to help individuals and teams realise their full creative potential,” said MindEscapes founder Dipali Sikand. “We are thrilled to be cooperating with Federal Bank and TANSIM to help Tamil Nadu startups to develop and present their ideas, increasing their chances for success. We have strategic knowledge partnerships to help us achieve this vision.

Based on Federal Bank’s lending policies, eligible startups can receive collateral-free loans, lower-cost loans, and grants. Access to an industry expert network and potential investors

Possibilities for startups to work on real-world projects and increase the visibility of their ideas

This collaboration is aimed at startups in all industries and will help the state’s e-commerce efforts.

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